ST. PETERSBURG, Fla. — F&I outsourcing provider Priority One Financial Services Inc. has added Merrick Bank to their electronic signature process, EZ-Sign, the company announced. Merrick joins First Internet Bank, Medallion Bank, and Aqua Finance as the fourth marine and RV finance source who allow dealers to fund deals via Priority One’s esignature platform.
The technology was designed to simplify the closing process for Priority One’s dealer partners by reducing 98% of the loan documents needing to be signed at delivery — eliminating costly delays in funding — while helping finance sources speed up their funding processes and allowing customers to sign loan documents at the dealership or at home, all according to the announcement.
“The number of Priority One dealers requesting electronic closings has increased substantially and we welcome Merrick Bank to the EZ-Sign platform,” said Lorraine Mariotti, Priority One’s vice president of lending. “It is important to Priority One to offer our dealers choices as to how and when their customers sign loan documents and, with this technology, we make the process easier and more efficient. We look forward to adding more lenders soon.”