Matthew Schiltz President/CEO DocuSign

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.

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.