News
Integrated Media Management's TotaleAtlas Interfaces with Equifax APPRO to Give Financial Institutions a Paperless Lending Environment
11/12/2007
LINDEN, N.J., Nov. 12, 2007— Integrated Media Management® (IMM), an output management and document automation technology provider, announced today that it has successfully interfaced its TotaleAtlas solution with the Equifax APPRO® platform. Through this relationship, customers can take advantage of an end-to-end automated document delivery solution that speeds up the lending process to give them a competitive advantage.
"The interface with Equifax and IMM has created great benefits for us, as it provides us with the right tools to move our traditionally paper-based processes to electronic or paperless transactions," said Issa E. Stephan, president and CEO of Financial First Federal Credit Union. "This not only benefits our credit union but our members as well. Members are pleased with the quick loan origination speed."
TotaleAtlas is IMM's document preparation system that increases productivity and improves customer service by automating what has historically been a paper-based process. The integration with APPRO enables the data stream for consumer and business loans to pass seamlessly from the APPRO platform to TotaleAtlas.
Using the solution, loan officers can review the documents, on screen, with the member or customer and fill in or correct fields that are not protected fields. To capture a digital signature, members or customers sign a digital signature pad, and a 128-bit encrypted and indexed PDF is created with the signature embedded in the loan document. To maintain the paperless environment, financial institutions can export documents to a local storage directory or a document imaging system where the information can be easily retrieved.
Through this relationship, Equifax and IMM are simplifying the lending process by automating and electronically streamlining what has historically been a paper-based process. Financial institutions can reduce operations costs through improved workflow, document presentment and electronic signature capture.
"Equifax is continually looking for new ways to help financial institutions further automate the lending process and better meet the needs of their own customers through solutions that enable improved processing times and reduced errors," said Rajib Roy, president, Enabling Technologies, Equifax. "The combination of our APPRO platform and the IMM solution allows customers to achieve these benefits by moving to a paperless lending environment - a key advantage in today's lending market."
"IMM and Equifax give customers a compelling competitive advantage," said Chuck Klein, CEO of Integrated Media Management. "Providing financial institutions with a paperless end-to-end lending process saves them time and allows them to more efficiently serve their customers or members."
About Integrated Media Management
Integrated Media Management® (IMM) specializes in document output management and automation technology and is based in Linden, N. J. IMM's products are in place at more than 600 financial institutions nationwide and they are currently partnered and interfaced with nine host processors and all the major compliance vendors. Contact Integrated Media Management at info@immonline.com
About Equifax®
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, employment and income verification and human resources business process outsourcing services, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
Customers have trusted Equifax for over 100 years to deliver innovative solutions with the highest integrity and reliability. Businesses— large and small— rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, HR/payroll services, and much more. We empower individual consumers to manage their personal credit information, protect their identity and maximize their financial well-being.
Headquartered in Atlanta, Georgia, Equifax Inc. employs approximately 6,900 people in 14 countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500® Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
www.equifax.com