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Wells Fargo authorizes e-sign vendor

Borrowers can electronically sign disclosure documents

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Mortgage originations technology company Ellie Mae will now be providing e-signature software to Wells Fargo Funding, the tech company announced Monday. Wells Fargo Funding is a subsidiary of Wells Fargo Bank and operates the correspondent business line of Wells Fargo Home Mortgage. The company confirmed the announcement. With Ellie Mae's Encompass360 software, users will be able to electronically and securely deliver disclosure documents to borrowers and then have those borrowers electronically sign and deliver the documents back to the lender, the company said. The software instructs the borrowers how to fill out the documents and requires them to review each document before signing the disclosure package. "Borrowers must click on a signature point at the bottom of each page before they can proceed to the next one, and if they try to skip a page, there are error prompts that inform the borrower that a signature or initial point was missed," said Jonathan Corr, Ellie Mae'...