[March 30, 2015]

Capsilon DocVelocity® Now Includes E-Signing of Borrower Disclosures

Capsilon, a provider of comprehensive cloud-based document and data management solutions for mortgage lenders and investors, today announced a new version of its flagship product, Capsilon DocVelocity, that includes support for the electronic delivery, signing and vaulting of borrower disclosures and other mortgage-related documents.

This new version of DocVelocity gives users the ability to automatically assemble disclosure packages and email them to borrowers to sign electronically. Borrowers access the new DocVelocity Signing Table, a secure, intuitive user interface for electronic signing of mortgage-related documents, to provide consent to receive electronic disclosures and to review and e-sign the documents. Compliant with the Uniform Electronic Transaction Act (UETA) and the Electronic Signatures in Global and National Commerce Act (E-Sign Act), the new DocVelocity electronic transaction capabilities further Capsilon's vision of straight-through processing (STP) of mortgage loans by reducing the labor associated with printing, assembling, packaging and shipping documents that need to be signed by borrowers.

The DocVelocity E-Vault, a secure location where legally binding, authoritative copies of electronically signed documents and their related transaction documents are stored and managed, is also new in this latest release of DocVelocity. Fully integrated with DocVelocity, the DocVelocity E-Vault protects documents using robust encryption, and time-stamps and wraps documents with tamper-evident seals. DocVelocity E-Vault maintains an audit trail for every stored document, and controls access to these documents with customer-defined user privileges.

These new E-Signature and E-Vault capabilities also help lenders demonstrate compliance by providing tracking and evidence of electronic delivery, proof that disclosures were delivered within the required timeframes, and assurance of the authenticity and non-repudiation of electronic signatures.

In additon to the new electronic transaction capabilities, this new version of DocVelocity includes significant enhancements to the document management and document workflow capabilities of DocVelocity. These document management enhancements include a myriad of new capabilities to speed the workflow required for Capsilon's vision of straight-through processing of mortgage loans. These enhancements include:

• The ability to assign tags to documents to enable richer contextual information about documents. Document tags provide structured data that can be leveraged for automation.
• A new document review workflow that gives users the ability to review and mark documents as "Accepted." Once accepted, the document is locked and further changes to the name or contents are prevented. This ensures the integrity of documents throughout the workflow.
• The ability to mark a document as a "Decision Document." This identifies which documents were used for making underwriting decisions, speeds workflow and ensures loan integrity.
• Document-level security that enables role-based access control to documents. The ability to view, sort and deliver specified document types, along with a number of other actions, is granted only to users assigned to specific roles.

"The pressure on mortgage lenders to reduce loan production costs while maintaining loan quality and compliance has never been greater," said Sanjeev Malaney, CEO of Capsilon Corporation. "Our goal is to deliver the technology that lenders need to realize an exception-based model of straight-through processing of mortgage loans, where up to 80 percent of labor is eliminated. This new version of DocVelocity delivers on that promise with support for electronic transactions and improved document management and document workflow capabilities that speed loan turn times and reduce labor-related loan costs, while ensuring compliance."

The new version of Capsilon DocVelocity is expected to be available to customers in the second quarter of 2015. Current DocVelocity customers can access the new product features as part of their SaaS (News - Alert) subscriptions, though some new features and services are available at an additional cost. Customers should contact their Capsilon account manager for complete details.

About Capsilon DocVelocity

The Capsilon DocVelocity document and data management platform is a cloud-based solution for document capture, validation, collaboration, loan evaluation, electronic transactions, loan delivery and retention. DocVelocity replaces the inefficiencies inherent in traditional mortgage processes with a technology-enabled workflow that reduces loan turn-times, reduces cost per loan and provides comprehensive data evaluation that helps ensure compliance. DocVelocity provides patented automated document recognition, automated data extraction and rules-based validation capabilities that enable straight-through processing with exception handling to increase productivity and lower costs for large mortgage lenders.

About Capsilon Corporation

Capsilon provides comprehensive document imaging and data capture solutions that enable mortgage lenders and investors to increase productivity and lower costs, while ensuring compliance. Capsilon's flagship product, DocVelocity, is a document imaging and data management platform built specifically to address the needs of large mortgage lenders. Headquartered in San Francisco, Capsilon serves many of the mortgage industry's most innovative lenders, including two of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com.

DocVelocity® is a registered trademark of Capsilon Corporation. All other marks are the property of their respective owners.

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