January 12, 2006

DocuSign Seeing Significant Growth of Electronic Signatures in Mortgage Industry

DocuSign's On-demand Electronic Signature Service Increases Revenue, Lowers Costs and Saves Time

NEW YORK, NY - 01/12/2006 - DocuSign, the leading On-demand electronic signature service, today announced that it is seeing broad adoption and expanded usage of online signatures in the mortgage industry. Across the country, residential lenders and brokers are turning to DocuSign to quickly, easily and safely obtain electronic signatures on documents leading to better customer service, faster loan completion and lower costs.

"Anyone in the real estate and mortgage industry who wants to save time and work more efficiently is well-served by DocuSign," said Court Lorenzini, DocuSign's CEO.

"Many of our customers have been using the DocuSign service for quite some time and it's now a strategic part of their business."

Paperwork Reduction and Time Savings are Major Benefits
One of the constants in the mortgage industry is a lot of paperwork and the need for customer signatures. By using DocuSign, mortgage brokers are able to make the process of getting loan applications required to initiate and complete the mortgage process easier, paperless and quicker -- not only for the broker but for customers as well.

Brokers, agents and others are using DocuSign on-demand electronic signature solution because it's easy to adopt, integrate and use. DocuSign enables legally binding electronic signatures to be captured on any document that can be printed on a PC.

Instead of having to print, fax, mail or hand-deliver documents to customers, DocuSign users simply "print" documents to the DocuSign service and send an e-mail to customers letting them know that documents are waiting too be signed. The only requirement for signers is a Web connection (broadband or dial-up) and a PC with a browser. Setting up a permanent signature in DocuSign is free and the whole process of creating a signature and signing a document takes less than five minutes.

DocuSign Makes Online Signing Fast, Easy and Secure
"We do about 98 percent of our loans using DocuSign," said Jeremy Thacker, owner of Texas-based Dallas Lending. "Customers adapt to electronic signatures almost immediately, since it is so much more convenient than fax or mail. These days, a lot more people have e-mail and Internet than fax machines. It's only a matter of time until DocuSign is the preferred way to get signatures in the mortgage industry."

Thacker estimates that in addition to saving him time, DocuSign saves him on average $2,500 per month in administrative expense, overnight mail, courier services and postage expenses, while also dramatically reducing other costs such as printer ink, paper and long-distance charges.

For many mortgage brokers it all boils down to speed. Every loan is like a project and loan officers we can only handle so many projects at once. DocuSign lets brokers complete projects in less time enabling more loan processing and business growth without adding additional staff.

About DocuSign
DocuSign offers a web-based electronic signature service that provides the simplicity, speed and security required to deliver, sign and store documents. Designed from the ground up for business-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 are enjoying quantifiable benefits with DocuSign, including removal of costs, increases in revenue, and acceleration in 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. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.