Leveraging Electronic Signature Based Technology in
the Mortgage Workout Process: Responding More Rapidly While Cutting Costs
Redwood Shores, CA, September 30, 2008 – (OTC BB: CICI) Communication
Intelligence Corporation (“CIC”) a leading supplier of electronic signature solutions
for business process automation in the financial industry and the recognized leader
in biometric signature verification will host a live webinar, featuring Forrester
Research, Inc, an independent technology and market research company, entitled “Leveraging
Electronic Signature Based Technology in the Mortgage Workout Process: Responding
More Rapidly While Cutting Costs,” on October 23, 2008 at 1:00 pm EST.
US banks and mortgage servicers want and need to help their borrowers avoid foreclosure.
Although the rate of residential foreclosures has increased dramatically, mortgage
servicers and credit counselors have been working diligently to offer workouts to
homeowners at risk of losing their homes in foreclosure proceedings. According to
HOPE NOW mortgage servicers
handled well over 500,000 workouts in the second quarter of 2008 to keep homeowners
in their homes. But servicers and banks are challenged to keep up with the volume
of workout requests and by their reliance on slow, costly paper based, people-intensive,
business processes that add unnecessary costs, time, and anxiety to the process.
Electronic signature based technology solutions can securely connect borrowers,
credit counselors, and mortgage servicers to provide various standard workflow options
thereby streamlining the process.
The October 23rd webinar will feature Ellen Carney, industry-leading Senior Analyst,
Forrester Research and
author of upcoming research entitled “Industry Essential: Mortgage Banking,” Russ
Davis, CIC’s Chief Technology Officer,
Kevin Schlumpf, CSC’s Managing Director
- EarlyResolution Practice, and Paul Leadbetter,
CSC’s Chief Technology Officer -
Financial Services.
Targeted to banks and mortgage servicers seeking expert, practical advice this
one hour webinar provides an overview of the challenges of dealing with and addressing
the volume of mortgage workouts and how CIC’s
"SignatureOne®
Ceremony® Server solution integrated with CSC’s
EarlyResolution™ Default Management Solution shrinks cycle time while dramatically
reducing costs associated with paper, transport, and record storage. Topics covered
include:
How are banks and mortgage servicers using the workout process to:
- Offer a better customer experience even in stressful exchanges
- Leverage cross-channel information across and among institutions and processes
- Handle growing credit counseling needs with the same or fewer resources
How integrated technology solutions play a key role in automating and streamlining
default management processes and third party engagements
To enroll for the event please
Register
Here.
About CIC
Communication Intelligence Corporation (“CIC”) is a leading supplier of electronic
signature solutions for business process automation in the Financial Industry and
the recognized leader in biometric signature verification. CIC’s products enable
companies to achieve truly paperless work flow in their eBusiness processes by enabling
them with “The Power to Sign Online®” with multiple signature technologies across
virtually all applications in SaaS and fully deployed delivery models.
Industry leaders such as AIG, Charles Schwab, Prudential, Nationwide (UK), Snap-on
Credit and Wells Fargo chose CIC’s products to meet their needs. CIC has deployments
with over 400 channel partners and enterprises worldwide representing tens of thousand
of users, with over 500 million electronic signatures captured, eliminating the
need for over a billion pieces of paper. CIC sells directly to enterprises and through
system integrators, channel partners and OEMs. CIC is headquartered in Redwood Shores,
California and has a joint venture, CICC, in Nanjing, China. For more information,
please visit our website at http://www.cic.com
Forward Looking Statement
Certain statements contained in this press release, including without limitation,
statements containing the words “believes”, “anticipates”, “hopes”, “intends”, “expects”,
and other words of similar import, constitute “forward looking” statements within
the meaning of the Private Litigation Reform Act of 1995. Such statements involve
known and unknown risks, uncertainties and other factors which may cause actual
events to differ materially from expectations. Such factors include the following
(1) technological, engineering, quality control or other circumstances which could
delay the sale or shipment of products containing the Company’s technology; (2)
economic, business, market and competitive conditions in the software industry and
technological innovations which could affect the Company’s business; (3) the Company’s
inability to protect its trade secrets or other proprietary rights, operate without
infringing upon the proprietary rights of others or prevent others from infringing
on the proprietary rights of the Company; and (4) general economic and business
conditions and the availability of sufficient financing.
CIC, its logo, SignatureOne, Ceremony and the Power to Sign Online are registered
trademarks. All other trademarks and registered trademarks are the property of their
respective holders.
Contact Information
CIC
Investor Relations & Media Inquiries:
Chantal Eshghipour
650-802-7740
investorrelations@cic.com