Wells Expands E-Approved Vendor List

Wells Fargo Funding has announced the addition of two new vendors, SigniaDocs and Wave Systems, to its list of approved vendors capable of delivering the second-largest originator of electronic documents on behalf of lender clients. Wells is one of the first major lenders in the country to support a legally compliant process to accept a full initial disclosure package electronically from its sellers. It is also one of the first to ensure open standards and authorize correspondents to use any of the multiple vendors that pass Wells Fargo's review process to ensure a high level of security and an audit trail of the transaction showing borrower intent. Wells Fargo said its correspondents can now elect to use Wave's SmartSigning Room and SmartSignature applications to streamline e-disclosures and upfront documents to help secure customer commitment early in the lending process. Similarly, SigniaDocs offers Wells correspondents a private-label Web service requiring no initial start-up or ongoing hardware and software maintenance costs. The companies can be found on the Web at http://www.wellsfargo.com, http://www.signiadocs.com, and http://www.wave.com.