Fast Growing Company Uses Electronic Signing and eAsset™ Management Services
BALTIMORE, MD – OpenRoad Lending, one of the fastest growing private companies in the United States, has leveraged eOriginal, Inc., experts in digital transaction management, to improve its customer experience and increase the efficiency, compliance and security of its business and loan management processes.
OpenRoad Lending is a leading online direct-to-consumer auto finance company, offering auto finance solutions to consumers with all types of credit in 38 states. Headquartered in North Richland Hills, Tex., OpenRoad was recently recognized by Inc. Magazine as 37th on its annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies.
“OpenRoad Lending is built upon a foundation of using technology and innovation to better serve consumers,” said Jeff Austin, Chief Financial Officer of OpenRoad Lending. “eOriginal is an ideal partner in our commitment to manage the entire auto loan process in a safe and secure digital environment.”
As a nationally recognized auto loan provider, digital platforms are essential to the OpenRoad application and approval process, which enables consumers to apply for financing in the comfort and privacy of their homes. By integrating eOriginal SmartSign®, OpenRoad Lending significantly reduces human errors that disrupt the ability to close loans for new or used car purchases or for auto refinancing agreements, while also avoiding much of the costs related to paper reproduction and storage that burdens its competitors that use traditional ink-and-paper processes.
Furthermore, OpenRoad Lending captures even more value with eOriginal during the post-signature execution of the loan documents. Through eAsset™ Management Services, OpenRoad Lending has a secure path to manage Electronic Original® documents throughout their lifecycle, ensuring the ability to pledge, sell, and securitize digital assets.
“Since its inception, OpenRoad Lending has always understood the potential of conducting business electronically and the value it brings to consumers and to business operations,” eOriginal President and CEO Stephen Bisbee said. “eOriginal is a natural fit for this approach and a proud partner with OpenRoad Lending.”
Founded in 1996, eOriginal is the trusted expert in electronic transaction management solutions, specializing in the post-execution management of financial asset documentation. eOriginal SmartSign® and eAsset™ Management Services enable an end-to-end solution for fully electronic transactions must managed with the highest levels of security and compliance throughout their lifecycle. By treating every transaction as having assets that must be verifiably secure, legally compliant and enforceable, eOriginal provides its customers and partners with eCertainty™.