Wave Systems Corp. says that its eSign Transaction Management Suite (eTMS) has been authorized by Wells Fargo & Co.'s mortgage division for use by its correspondent lenders as an eDisclosure solution. Wells Fargo's correspondents that have received approval to deliver electronic disclosures may elect to use the SmartSigning Room and SmartSignature applications to streamline electronic mortgage disclosures and help secure customer commitment early in the lending process.
According to Wave Systems, correspondents using these applications can benefit from a reduction in the cost and time associated with printing, mailing and processing borrower disclosures, better communications to the borrower, and improved compliance with federal and state regulators.
The SmartSigning Room facilitates the electronic delivery and borrower signing of the requisite mortgage disclosure documents and is well-suited for Wells Fargo's correspondent lenders seeking an off-the-shelf e-disclosure solution with a user interface that has been pre-approved by Wells Fargo. SmartSignature Server affords similar signing functionality, but also provides correspondents with additional flexibility to custom-build the entire user interface for the signing process.
Source: Wave Systems Corp.