Web-based electronic signature solution by DocuSign is adopted by Wells Fargo.
Wells Fargo Funding accepts DocuSign electronic signatures for loan disclosure documents;
financial services industry growing in adoption of eSignatures
Seattle — April 2, 2008 — DocuSign, the leading Web-based electronic
signature service, today announced that it has been selected as an
approved electronic signature vendor for Wells Fargo Funding, a
division of Wells Fargo & Company (NYSE: WFC). The DocuSign service
enables loan originators working with Wells Fargo to greatly speed up
the loan origination process by getting disclosure documents signed
electronically, thus eliminating the time, expense and environmental
impact of printing and delivering large stacks of paper documents.
Major lenders, such as Wells Fargo, constantly seek innovative
technologies to make life easier for Correspondents and their
customers. With DocuSign’s enterprise-class eSignature service,
originators can now get required documents, such as truth-in-lending
notifications and 1003 applications, signed by borrowers in a matter of
minutes, rather than the days needed for paper-based signing. This not
only keeps the ball rolling in the loan process, but also ensures that
originators are able to gain customer commitment in minutes or hours,
eliminating potential competitors and dramatically improving sales
close rates.
Said Matthew J. Schiltz, CEO and President of DocuSign: “This move by
one of the country’s largest banks is further validation that
DocuSign’s eSignature solution has rapidly become a significant
competitive advantage in the mortgage and financial services industry.
We have enabled our Correspondent customers to double their close rates
and eliminate 80 percent of the cost from their expensive paper
signature processes. If you are not using DocuSign’s eSignature
service, unfortunately you are suffering a major competitive
disadvantage in this industry.”
As an on-demand service, DocuSign requires no investment in hardware or
software, and offers users the easiest, simplest electronic signature
experience available today. DocuSign eSignatures are safe, secure and
legally binding, providing full compliance to federal regulations and a
secure audit trail.
About DocuSign
DocuSign offers a Web-based electronic signature service that provides
the simplicity, speed and security required to electronically sign and
store documents. Designed from the ground up for enterprise-class
usage, this service integrates the technical infrastructure and legal
compliance needed to operate an end-to-end electronic signing service
that replaces the old pen-and-paper process. DocuSign customers span a
variety of industries and range from the largest corporations to the
smallest branch offices. These customers trust DocuSign to help them
increase revenue and sales close rates, decrease costs and accelerate
business velocity. DocuSign also offers a direct, positive impact on
our global environment by reducing paper consumption and transportation
emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.
Media contact
Stephanie Wettstein
McKenzie Worldwide
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
503-703-4669
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