In these tough economic times when many companies in the mortgage industry have set their business sights on just surviving, independent mortgage broker, Signature Mortgage, is soaring.

Just this year, Signature Mortgage started using Silanis’ e-SignLive cloud-based e-signature service and the company has already increased its revenues by $35,000 a month.

In this video Bob Catlin, president and CEO of Signature Mortgage, talks about how using e-SignLive to enable their customers to review and sign insurance documents and policies online has given his company a razor-sharp competitive edge.

“This was a game changer for Signature Mortgage. It used to take us seven to 10 days on the front end just to make a loan application. Now we do that in minutes,” says Catlin. “We can process and underwrite the policy much quicker so clients are happy and we’re happy because we’re on to our next sale.”

Silanis’ e-SignLive is a subscription-based Software-as-a-Service (SaaS) solution that is ideally suited for small to medium-sized businesses who do not have the infrastructure, budget or IT resources to deploy an on-premises, enterprise solution.

For a monthly flat rate, companies can use e-SignLive, which is fully integrated with IBM LotusLive and gives users the benefits of social business tools such as the e-SignRoom, where multiple users can also safely share and collaborate on documents before they sign them.

Signature Mortgage’s ability to go head-to-head with large national players thanks to their use of Silanis’ e-SignLive was one of the topics of conversation at this year’s IBM Lotusphere, where Catlin shared the stage with IBM and executives from other IBM client companies at the LotusLive Strategy Session.

“We’ve had an unbelievable response from our customers. The value of social business is going to be tremendous for us in the future,” says Catlin.