The addition of Merrick Bank to the platform is the next step in Priority One’s expansion of lenders allowing electronic signature closings. EZ-Sign enables Priority One dealerships to complete loan closings electronically using DocuSign.
“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 VP 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.”
This technology simplifies the closing process for Priority One’s dealer partners by reducing 98 percent of the loan documents needing to be signed at delivery, eliminating costly delays in funding. Additionally, it helps Priority One’s lender partners by speeding up their funding process. This technology is also attractive to consumers because it provides flexibility to sign loan documents at a place and time that is convenient for them, whether it’s at home, on their cellphone or when they are at the dealership.
Merrick Bank joins First Internet Bank, Medallion Bank and Aqua Finance as the fourth marine and RV lender who allow dealers to fund deals via Priority One’s EZ-Sign electronic closing process.
Dealers can contact Priority One at 800-419-1341 for more information.