eSignLive joins the Wells Fargo Funding circle of trust
Securing the paperless mortgage for correspondent lendersMontreal, QC, August 5 2008 – Leading e-signature provider Silanis Technology Inc. is pleased to announce that ApproveIt® Web Server has been authorized by Wells Fargo Funding, a division of Wells Fargo Bank, NA, as part of their “Approved e-Signature Solutions” program. This selective program identifies the best-of-breed electronic signature solutions that result in an effective, valid and enforceable signature process between individual borrowers and Well Fargo’s correspondent lenders. Speeding up mortgage applications ApproveIt facilitates the process of delivering disclosures and capturing signatures on origination paperwork by enabling borrowers to easily review and “click-to-sign” mortgage documents online, using a standard web browser; a time-saving, convenient process that results in shorter sales cycles and increased customer retention for correspondent lenders. Resulting disclosures and preliminary 1003 forms are trusted and accepted by Wells Fargo Funding. A total enterprise solution As electronic banking gains momentum, correspondent lenders require enterprise solutions that reduce exposure to risk and can scale to meet enterprise requirements. ApproveIt fulfills both requirements by:
- Securing the signature process across all banking channels - point-of-sale, Web, and call centers
- Facilitating the addition of new features to quickly adapt to changing business requirements or policies
- Capturing and storing the most comprehensive electronic evidence of what took place, including WHO signed WHAT, WHEN, WHERE and HOW. ApproveIt thereby creates a secure and reliable electronic signature platform for both Wells Fargo and their correspondent lenders.
The company's solutions not only eliminate the inefficiencies of paper, they provide reliable and auditable business records needed to demonstrate compliance with applicable laws, standards, regulations and policies.