Wells Fargo Adds IDS to List of E-Delivery-Approved Mortgage Doc Providers

| From
mortgage documents

SALT LAKE CITY, Utah (SEND2PRESS NEWSWIRE) -- International Document Services (IDS), a mortgage document preparation vendor, has been approved by Wells Fargo (NYSE:WFC) to provide mortgage documents via e-delivery to loan applicants. The approval covers e-delivery for all mortgage documents, but typically, initial and pre-disclosures are the primary documents submitted to loan applicants electronically. Lenders must use a doc prep provider from Wells Fargo's list of e-delivery-approved vendors in order to sell a loan to Wells Fargo in which documents were provided to borrowers electronically.

Manhattan-based Equity Now Inc., an IDS customer, frequently sells loans to Wells Fargo, and according to Closing Associate Stephanie Lord, the method of document delivery to applicants makes a big difference in how competitive a lender can be in the current market.

"Since the beginning of the year, the industry has become more strict regarding delivery of disclosures to potential borrowers, and Wells Fargo has one of the more stringent e-disclosure approval procedures in place," Lord said. "It's never for certain who will purchase your loan once it has closed so it's critical for lenders to be able to meet any and all investor requirements right off the bat."

"With traditional mail, or even overnight delivery, you can lose a week in just the disclosure process alone. That week could make the difference in a borrower being able to lock in a lower rate or even re-finance their loan in order to keep their home," she added. "IDS takes our business needs seriously and has designed its system in such a way as to allow for a high level of customization to make accommodations and changes quick and painless. We've used several other companies for our doc packages, IDS is the best we've seen."

To become an approved vendor for e-delivery, the Wells Fargo Correspondent eBusiness group and a member of the Wells Fargo legal team reviewed IDS's flagship doc prep solution idsDoc to ensure documents could be delivered easily and securely. Specifically, Wells Fargo investigated IDS's verification methods, as well as the ease of use and overall security of the system. Wells Fargo also verified that idsDoc met all legal requirements for electronic delivery and that applicants have a clear way to rescind their consent to receive documents electronically.

"Wells Fargo is one of the country's best known and respected financial institutions. Receiving approval from Wells Fargo for e-delivery provides our customers with more secondary market options and validates the speed and reliability of our system," said IDS President Curt Doman. "IDS has always been committed to providing our customers with quality, compliant loan documents, as well as the technical support and ancillary services, like e-delivery, that make doing business easier and help customers retain their competitive advantage."

About IDS Inc.:

IDS is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, reverse documents, initial disclosures and fulfillment. IDS's solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS Web site at or call 800.554.1872.

- IDS news RSS feed: .

News Source:
Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (International Document Services, Inc.) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2010 International Document Services, Inc. with newswire version Copr. © 2010 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 28 2016:
[ count retired 8.4.16 ]

Banking and Finance, Utah Business, or: Search

back to top
REFERENCES: mortgage documents, Wells Fargo, Wells Fargo, International Document Services, mortgage documents, e-delivery, mortgage compliance, reverse documents, Curt Doman, IDS, IDSdoc, NYSE WFC, banking, utah business, SaaS, news, press release from International Document Services, Inc., Oct 25, 2010, Banking and Finance, Finance, , Salt Lake City, Utah, Wells Fargo Adds IDS to List of E-Delivery-Approved Mortgage Doc Providers