iLumin Corporation maker of Digital Handshake the technology necessary to accelerate the closure of business, financial, government and personal transactions announced the formation of a strategic alliance with ATM Corporation of America. As part of the alliance, ATM will provide settlement services to its lender base through the use of iLumin’s Digital Handshake product, which combines the automation of documents and data with the enforceability of digital signatures to accelerate day-to-day business closings.
Mark Reynolds, vice president of real estate strategic development, states, “ATM is a great partner for iLumin. ATM facilitates automated appraisal and closing services for the growing online lender base. ATM, a thought leader in real estate vendor management addresses the growing need for cost effectiveness and improved delivery within the Real Estate Support and Settlement Services Industry. We’re excited about our relationship with ATM. This will further our mission to accelerate the growth of automated enforceable online transactions.”
Digital Handshake supports the array of technological receipt and delivery methods used by ATM’s Vision Systems(TM) including XML, X.12 and PDF document delivery. “By linking its Vision Systems to Digital Handshake ATM is enabling development and implementation of a paperless real estate settlement service reducing overall time and costs for the entire value chain,” said Fran Azur, President and CEO of ATM Corporation of America. “The bottom line, home purchasers save time and money.”
About iLumin Corporation
A privately held company founded in 1996, iLumin Corporation is the first company to provide an open software system enabling organizations to deliver automated enforceable online transactions (automated EOLT). iLumin removes the hassle of doing business by merging automation with enforceability.
iLumin’s Digital Handshake Server is the first fully automated technology solution that enables people to securely and privately complete a legally binding online transaction from start to finish. Digital Handshake Server dramatically reduces the time, costs, inefficiencies and errors associated with today’s labor-intensive transaction process. Other industry firsts using iLumin’s technology include: first start to finish online home purchase, first deed of trust electronically recorded, first (and only) technology used to automate entire court filing system, first piece of legislation signed electronically by Utah’s Governor Leavitt. For more information, visit http://www.ilumin.com.
About ATM Corporation
ATM provides a full range of title and settlement services throughout the United States. Additionally, ATM provides management consulting and technology services to lenders looking to develop vendor management subsidiaries.
The selection of ATM’s Vision Systems, over an ever-growing field of vendor management technology providers, once again affirms ATM’s position as the leader in vendor management consulting and development services.Details