REDWOOD SHORES, Calif., Feb. 6, 2014 (GLOBE NEWSWIRE) -- Communication Intelligence Corporation ("CIC" or the "Company") (OTCQB:CICI), a leading supplier of electronic signature solutions, celebrates the FHA's recent acceptance of e-signatures on FHA mortgage documents, as defined in its Mortgagee Letter 2014-03 that was released on January 31, 2014.
Over the last year, CIC is proud to have played an active role working with the FHA on its acceptance of electronic signatures, removing the previous barrier that required an FHA specific signature process. The FHA approval covers e-signatures for origination, servicing and loss mitigation, as well as FHA insurance claims, REO sales contracts and other related addenda.
"The FHA's acceptance of e-signatures has been considered by many to be a last hurdle in the quest for broad adoption of paperless technology in the mortgage industry," stated Robert Williams, vice president, sales for CIC. "Along with last year's acceptance by the IRS of e-signatures on Form 4506T, we expect the FHA's new policy to drive exponential growth for e-signature adoption in the mortgage sector. As a leading provider of e-signature solutions to financial service companies, CIC is uniquely positioned to support our clients and partners in the lending and mortgage industries to streamline their process and deliver secure, flexible and scalable solutions to enable a completely paperless business workflow."
CIC's SignatureOne® Ceremony® Server, and its related family of iSign® products and services that, in addition to meeting those released by the FHA, are fully compliant with ESIGN and UETA standards for e-signature solutions. Without sacrificing the benefits of a robust, standardized and scalable software solution, CIC provides customization and flexibility to its clients in the selection of electronic signature methods, on-premise or cloud-hosted deployments and remote or face-to-face signature capabilities, as well as additional options to meet the unique requirements of our clients' business, IT and diverse regulatory and compliance requirements.
For more information on the FHA approval, click here to view an informative video published by American Banker or contact Christian Wright, director, mortgage and financial solutions for CIC, on +1.650.802.7745. To learn about all of our products and services, please visit our web site at www.cic.com or call us on +1.650.802.7888.
About CIC
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Silicon Valley. For more information, please visit our website at http://www.cic.com . CIC's logo, SignatureOne® Ceremony® Server and iSign® are registered trademarks of CIC.
Forward Looking Statements
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
CIC Investor Relations + Media Inquiries: Andrea Goren +1.650.802.7723
