Integrated Media Management said Tuesday that 50 credit unions have signed on to use its cloud-based electronic signature since the product was released last July.

The Linden, N.J., company said the Document Exchange solution is based on Adobe's EchoSign technology and provides an efficient channel for credit unions and members to execute documents and close transactions.

The new solution is browser- and device-agnostic and integrates with numerous core processing, lending and deposit and enterprise content management and imaging systems, the company said.

“To add 50 new customers in such a short window of time is a testament to the value eSignature technology and paperless processes bring to financial institutions,” said John Levy, IMM executive vice president and co-founder.

Levy said the Document Exchange solution also helps credit unions comply with closed-end lending requirements and, given the IRS' recent acceptance of electronic signatures on 4506-T forms, can expedite the process of receiving tax transcripts.

IMM said it now provides document management and imaging solutions to more than 600 credit unions and banks.