Priority One Financial Services added two lenders to its electronic signature process known as EZ-Sign.
EZ-Sign enables Priority One dealerships to complete loan closings electronically using DocuSign. The addition of Medallion Bank and Aqua Finance to the platform is the next step in Priority One’s expansion of electronic signature offerings.
“We are excited to bring more lenders into our EZ-Sign closing process making finance deliveries easier for our dealers and their customers,” said Priority One lending vice president Lorraine Mariotti in a statement. “This technology simplifies the closing process for our dealer partners by reducing 98 percent of the loan documents needing to be signed at delivery, eliminating costly delays in funding and revolutionizing the way recreational loan closings are being done currently today.”
“Not much about the loan closing and delivery process has changed in our industry since Priority One unveiled the electronic contracting process many years ago,” said Priority One president Heather Mariscal. “While this was an advancement at the time, electronic signatures help our industry meet the demands of an ever increasingly tech-savvy consumer.”