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Since 2002, we have been working with clients in the securities, mortgage, consumer lending and insurance markets to reengineer key B2B, B2C and B2E agreement management processes. Our solution is unique in the marketplace because 1) our advanced agreement management process is designed for multi-company workflow and multi-company web-based collaboration capabilities, 2) our solution provides the only digital signature that will withstand all of the tests required to be legal and binding in a court of law, 3) our solution provides the ability to manage many types of agreements rather than a single point solution, thus leveraging our clients core investment in our technology.
Partnering with iTradia
iTradia is currently working with several partners in the securities and mortgage markets to complete the preliminary system design. We are seeking additional partners to ensure the solution addresses a broad set of commercial requirements. In return for participation, partners will receive a variety of significant partner incentives. If your company would like to know more about the solution and consider participating, please send us a message at Info@iTradia.com. Thank you for your interest!
Commodities and Derivatives
In the commodities and derivatives market, this has included:
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Our work with leading commodities and derivatives firms and the analysis of the give-up agreement process has yielded a new automated process for give-ups that includes the following functions, that
Design agreement documents
Negotiate terms and conditions
Store and manage permanent, legal documents
Manage compliance / process quality
Provide billing, payables and reconciliation
Provide business intelligence and monitoring
Our commodity and derivatives partners agree that a single execution broker office (about 50 producers) will generate $740,647 per year in cost and productivity savings per location by leveraging agreement automation and billing automation solutions for give-ups. For large execution and clearing firms, the savings may reach well above $10 million annually across all offices. For more information on the work we have completed with partners in the securities market, how the process will change, and how we can help improve the quality and reduce the costs, please contact us at Info@iTradia.com.
Mortgage and Real Estate
In the mortgage and real estate markets, we have worked with partners to redesign the mortgage and real estate processes and to design a solution that will provide a transaction management environment with true agreement automation not provided in the market today. The types of agreements that will be address with this solution includes:
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Based on process engineering and field studies of specific processes, partners have determined that our redesigned and automated process will reduce the overall mortgage closing costs by $312.00 per transaction and reduce other costs of document filing / management and loan wholesaling by another $37.00 per transaction. For large mortgage companies this savings represents annual savings over $100 million. For more information on the work we have completed with partners in the mortgage market, how the process will change, and how we can help improve the quality and reduce the costs, please contact us at Info@iTradia.com.
Consumer Lending
In the consumer lending markets, we have worked with partners to redesign the asset sale, leasing and lending processes and to design a solution that will provide a transaction management environment with true agreement automation not provided in the market today. The types of agreements that will be address with this solution includes:
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Based on process engineering and field studies of specific processes, partners have determined that our redesigned and automated process will reduce the overall lending application costs by $4 per transaction, closing costs by $8.00 per transaction and reduce other costs of document filing / management and loan wholesaling by another $5.00 annually per transaction. For a lender completing 25,000 new loans annually, these savings represent new transaction savings of $442,000 per year as well as another $606,692 per year of filing and storage costs for all previous years documents. For more information on the work we have completed with partners in the lending market, how the process will change, and how we can help improve the quality and reduce the costs, please contact us at Info@iTradia.com.
Staff Email
All iTradia team members can login at the following location: iTradia Mail.