TG Solutions and Tools

TG Loans By Web™ E-signature Lender List Continues to Grow

For nearly a year, TG Loans By Web™ (LBW), in conjunction with participating lenders, has offered student loan borrowers the option of electronic signatures. In that time, the number of lenders that have chosen to offer this option to borrowers has continued to grow.

Student loan borrowers who complete their loan process through LBW and select an e-signature lender save time and paper. The student loan process works the same for these borrowers as it does for other LBW borrowers. The only difference is that borrowers who opt to use e-signatures sign their promissory notes electronically (after their loans are guaranteed on LBW) on their lender's site. LBW facilitates data sharing with the lender, making the process completely seamless.

The current list of lenders offering electronic signatures through LBW is available online at www.tgslc.org/resources/lbw_esig.cfm. TG updates the list as additional lenders successfully test with TG and are ready to go into production as e-signature lenders on LBW.

Additional Information
Lenders that wish to offer e-signatures through LBW must develop an interface that will facilitate receipt of CommonLine Application Response information.

For more information about LBW and e-signatures, call TG Product Support at (800) 332-1455 or send an message to product.support@tgslc.org.

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