[April 15, 2014]

Wells Fargo Funding Embraces DocuSign for Mortgage Documents

DocuSign, Inc. (DocuSign) today applauds Wells Fargo (News - Alert) Funding on its significant expansion in its acceptance of electronic signature on mortgage-related documents. Following on the FHA's announcement in January that it would accept lender-generated loan documents electronically, the move by one of the nation's leading mortgage investors demonstrates continued momentum of electronic signature acceptance among financial service providers for facilitating Digital Transaction Management (DTM).

Digital Transaction Management expedites processing of mortgage paperwork, making real estate transactions easier, faster, more convenient, and secure while minimizing paperwork, reducing errors, and assuring compliance with all applicable legal regulations. All current DocuSign customers involved in mortgage transactions, including brokers, lenders, and escrow and title companies, may operate with the assurance that mortgage transactions with Wells Fargo Funding can be completed in a 100% digital workflow with DocuSign's DTM Platform. DocuSign guarantees that it exceeds Wells Fargo Funding's security and compliance requirements.

The move by Wells Fargo Funding is detailed in today's update to its Seller Guide, clarifying its requirements and simplifying its eDelivery/eSignature approval process. Requirements that will be of particular interest to DocuSign users include:

• Eligibility: All documents generated and signed prior to closing, including disclosures and loan documents, are now eligible for execution with electronic signature (except where Agency and/or state or Federal law prohibits the use of eDelivery and/or eSignatures).
• Auditing: An audit trail must accompany each closed loan package in which eSignature technology is utilized.
• Retention and Compliance: New requirements are detailed for record retention for supporting evidence of compliance at all levels (Federal, State, Agency, Wells Fargo Funding, etc.).

"We are delighted thatWells Fargo Funding, one of the world's most influential financial institutions, is taking strong, positive steps on behalf of its vast ecosystem of brokers to accelerate transactions and keep business digital," said Ken Moyle, chief legal officer, DocuSign. "The rapid adoption of DocuSign by the real estate industry reflects the confidence and improved customer experience our solution provides for executing mortgage transactions. We believe it's inevitable that financial institutions will follow the lead of visionary organizations like Wells Fargo Funding and adopt electronic signature for every transaction that formerly required a pen and paper signature."

DocuSign leads the industry in compliance and enforceability, offering the most authentication options, a comprehensive digital audit trail, and bank-grade security. The company warrants that its products comply with the U.S. ESIGN Act, state laws modeled after 1999 UETA, and certain key aspects of the UK Electronic Communication Act (2000). DocuSign meets specialized FDA, FTC (News - Alert), FHA, IRS, FINRA rules, among many others, and provides extensive, configurable authentication options to verify every signer's identity.

Individuals and organizations interested in learning more about DocuSign may visit http://www.docusign.com.

About DocuSign, Inc.

DocuSign® is The Global Standard for Digital Transaction Management™. Global enterprises, business departments, individual professionals, and consumers have standardized on DocuSign, with more than 40,000 new users joining the DocuSign Global Network every day. Today, that network includes millions of users in 188 countries. DocuSign's DTM platform supports legally compliant electronic and digital signature processes tailored to meet requirements globally with localization in 43 languages. Companies and individuals DocuSign to accelerate transaction times to increase speed to results, reduce costs, increase security and compliance, and delight customers across nearly every industry - from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, retail, and consumer goods to higher education, non-profit, and others - as well as every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support. For more information, visit www.docusign.com or call 877-720-2040. Visit the DocuSign blog at www.docusign.com/blog and follow DocuSign on Twitter, LinkedIn, and Facebook.

DocuSign is a registered trademark of DocuSign, Inc. All other trademarked names or terms used in this document are the properties of their respective owners.

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