Short-term finance and bridging loan provider Possibl has forged a new partnership to enhance its service with digital document signing and identity verification.
The integration of Livesign, a solution of the lawstore.com.au, into Possibl’s platform will provide even further certainty about security for loan applicants, according to Possibl.
It’s reported that the Verification of Signer (VOS) solution, in particular, stands to mitigate the risks of fraud, protecting all parties by biometrically matching a digital signature with an applicant’s passport or driver’s licence in real time.
Possibl prides itself on offering a short turnaround to clients, releasing funding often as soon as the next business day for vendors needing to shell out for the services necessary in selling their properties.
They also provide cash flow solutions to other parties in a property transaction such as agents, conveyancers and mortgage brokers, arguing that the addition of this security feature to their accelerated funding service could help to speed up multiple aspects of real estate transactions.
Ian Hendey, chief executive of thelawstore.com.au, said he was thrilled to be bringing their product to this segment of the real estate sector.
“To see Possibl embracing this leading technology to enhance the overall property selling process and experience for their customers is terrific, and we are genuinely excited about what this means for Possibl customers.”
Possibl partnership director Sam Gobran said the integration of Livesign would further strengthen their position to offer financing to those managing their property portfolios or buying or selling a home.
“We are delighted and excited about this partnership, which helps to safeguard both our customers and our business, and ultimately delivers a superior online experience for all parties involved in selling property,” he said.
ABOUT THE AUTHOR
Based in Sydney, Juliet Helmke has a broad range of reporting and editorial experience across the areas of business, technology, entertainment and the arts. She was formerly Senior Editor at The New York Observer.