VASCO Unveils eMortgage Solution to Boost Product Portfolio

CDW WIX

A global leader in digital solutions, VASCO Data Security International, Inc. recently announced the availability of its eSignLive Digital Mortgage Solution, a cloud based eMortgage solution. Shares of the company inched up around 1.15% to close at $13.15 yesterday, post the release.

The components of the solution include e-signatures, e-Delivery, e-Closing and e-Vaulting. It can be used as standalone application to help ensure regulatory compliance and enhance customer experience with a completely digital mortgage process.

The Consumer Financial Protection Bureau recently implemented the TILA-RESPA Integrated Disclosure (TRID) rule, as well as tightened regulatory controls. These stringent steps have resulted in widespread demand for technology that helps ensure compliance across the mortgage industry. Various financial institutions are progressively embracing components of digital mortgage technology in order to bring transparency, accountability, security and an enhanced consumer experience into the mortgage process.

Today, investors, lenders, counties, companies and others are rapidly adopting digital mortgage for its speed, efficiency and ease-of-use. The eradication of paperwork would lead to a more efficient and organized process. It will help firms keep a track of customer history and will not require additional work space to store files. The system of eMortgage will help reduce operational costs for firms as it is a more secure form of storing data. It will also enable customers to personally keep a track of their accounts.

Continuous launches of such inventive solutions helped VASCO in outperforming the Zacks categorized Computer - Integrated Systems industry. The stock witnessed an average loss of 0.7% in the last 30 days, narrower than 4.1% decline of the industry.

VASCO is a leading provider of two-factor authentication and digital signature solutions to financial institutions. VASCO assists over 10,000 customers across 100 countries to secure access, manage identities, verify transactions, and protect assets in financial, enterprise, E-commerce, government and healthcare markets. Over half of the top 100 global banks rely on VASCO’s solutions to augment security, protect mobile applications and meet regulatory requirements.

Vasco currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry include Wix.com Ltd. (WIX - Free Report) , Computer Task Group Incorporated and CDW Corporation (CDW - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Wix.com has a strong long-term earnings growth expectation of 20%.

Computer Task Group has a solid earnings history, beating estimates thrice in the trailing four quarters with an average positive surprise of 35%. It has a healthy long-term earnings growth expectation of 10%.

CDW Corporation has a long-term earnings growth expectation of 8%. The stock also has a healthy earnings history, beating estimates in three of the trailing four quarters with an average positive surprise of 5.9%.

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