Participating in the history making event with Allied were Docutech, Allied's doc prep vendor and Ilumin, the company that developed the digital certificate software. It is an encrypted file that cannot be duplicated. Only a recognized company can issue a certificate. Congress just passed legislation legalizing the use of digital signatures and President Clinton is expected to sign it soon. The impact of digital signatures will be far reaching.
Customers can sign documents from their home computers for all sorts of purchases besides mortgages.
In our own industry, the use of digital certificates will shorten the time from origination to closing drastically, lower processing costs and improve profitability. Welcome to the new millennium. Allied's development of over 700 investors with several thousand programs and innovative partnerships have allowed it to deliver customized products to each borrower. Combined with the energy of branch managers who have the freedom to respond to local market conditions, Allied has experienced sequential double-digit growth since it was founded in 1991. 6110 Pinemont Ave, Houston, TX 77092.