ST. PETERSBURG, Fla. — Priority One Financial Services Inc. announced the addition of two new finance sources to EZ-Sign, Priority One’s proprietary electronic signature process. Billed as the recreational F&I market’s first esignature platform, EZ-Sign was designed to enable dealers to complete loan closings electronically using DocuSign, the world’s leading electronic signature company.
“We are excited to bring more lenders into our EZ-Sign closing process, making finance deliveries easier for our dealers and their customers,” said Lorraine Mariotti, vice president of lending at Priority One. “This technology simplifies the closing process for our dealer partners by reducing 98% 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. In addition, it helps our lender partners be more efficient by speeding up their funding process.”
Priority One anticipates having their dealers use the electronic signing process with at least five marine and RV finance sources by Jan. 1, according to the announcement.