eOriginal

eOriginal, founded in 1996, operates as a specialized provider of digital transaction management software, focusing on the secure creation, storage, and management of high-value financial assets. The company was established by Stephen Bisbee, a corporate attorney who envisioned a method to combine legal processes with security technology to overcome the inefficiencies of paper-based transactions. Bisbee's background in commercial transactions and his work with American Bar Association committees on electronic commerce standards were foundational to the company's development. He is the lead inventor on patents that protect eOriginal's proprietary methods.

In December 2020, eOriginal was acquired by Wolters Kluwer, a global information services company, for approximately €231 million ($280 million) and was integrated into its Governance, Risk & Compliance (GRC) division. At the time of the acquisition, eOriginal reported around €31 million in annual revenue, with about 95% being recurring. The company serves over 650 customers in the U.S., including banks, mortgage lenders, auto and equipment finance lenders, and other financial institutions.

eOriginal's business model is centered on providing a cloud-based, software-as-a-service (SaaS) platform that enables lenders and investors to manage the entire lifecycle of a digital loan, from closing to the secondary market. The platform is designed to ensure that digital assets, such as electronic promissory notes (eNotes), are legally enforceable and compliant with regulations like ESIGN, UETA, and UCC 9-105. The core of the product suite is the eAsset® Management platform, which includes an electronic vault (eVault) to securely store the authoritative copy of a digital financial document, ensuring its integrity and preventing tampering. Key products include the ClosingCenter, for managing the closing process, and SmartSign®, an e-signature solution. These tools provide an auditable chain of custody, which is critical for the sale and securitization of loans on the secondary market.

Keywords: digital transaction management, electronic asset management, eVault, eSignature, digital lending, eClosing, financial technology, loan lifecycle management, authoritative copy, electronic promissory notes, eNotes, secondary market, asset securitization, regulatory compliance, mortgage technology, auto finance, equipment leasing, paperless transactions, digital mortgage, Wolters Kluwer