Electronic vaulting or “paper out” process
– ELS offers various methodologies for control of the chattel paper, to accommodate your program’s requirements.
Electronic delivery and eSignature – This technology simplifies the process of signing a contract and reduces the time it takes. Using paper might take several days. The electronic method could take literally minutes if the parties are available.
Documentation template library – ELS has a library of contract templates at the ready for just about any type of situation. All of the lenders we work with have signed off on the contracts in our library.
Customer legal negotiation support – We can interact directly with your customer to negotiate the contract. We would represent ourselves as members of your Legal department, so your customer will assume he’s negotiating with your firm. One of our partners is a lawyer who is available for when attorney-to-attorney dialogue is needed.
Contract preparation – ELS prepares documentation on behalf of our clients so you don’t have to. That’s what we’re here for!
UCC/PPSA filing, continuation, and termination – We provide the required evidence of your security interest in the transaction and manage this process on your behalf.
Product order fulfillment tracking – We always track order fulfillment to be sure the products get to your customer’s site for acceptance, completing a successful origination.