REDWOOD SHORES, Calif., Oct. 3, 2011 /PRNewswire/ -- Communication Intelligence Corporation ("CIC" or the "Company") (OTCQB: CICI), a leading supplier of electronic signature solutions and the recognized leader in biometric signature verification, announced today that it has been selected as an approved vendor for Wells Fargo Funding to provide its SignatureOne® electronic signature technology to all Wells Fargo Correspondent Lenders.
Mortgage lenders today are facing a challenging environment that includes complying with a multitude of regulations. Cost and time savings are dependent upon having technology in place that will streamline important functions such as delivering required documentation and gathering signatures.
"CIC has had a long and healthy partnership with Wells Fargo and we are proud that our technology will continue to assist both Wells Fargo and their correspondent lender customers with this selection," stated William Keiper, CIC's President and Chief Operating Officer. "Our SignatureOne® technology provides many benefits to lenders including the ability to quickly confirm receipt of initial disclosures to their borrowers, whether they are doing business over the phone, on-line or in person, and to keep the entire process consistently electronic under all scenarios."
CIC has been a pioneer in electronic signature solutions for more than a decade and was part of the first fully paperless mortgage loan recording in 2002. With the launching of SignatureOne® Console™, iSign® Mobility Suite (allowing electronic signature capture on mobile devices) and its cloud-based, software-as-a-service (SaaS) offerings, CIC now possesses the most complete, flexible and easy to implement suite of electronic signature solutions available on the market.
CIC is a leading supplier of electronic signature products and the recognized leader in biometric signature verification. CIC enables companies to achieve truly paperless workflow in their electronic business processes by providing multiple signature technologies across virtually all applications. CIC's solutions are available both in SaaS and on-premise delivery models and afford "straight-through-processing," which can increase customer revenue by enhancing user experience and can also reduce costs through paperless and virtually error-free electronic transactions that can be completed significantly quicker than paper-based procedures. CIC is headquartered in Redwood Shores, California. For more information, please visit our website at http://www.cic.com. CIC's logo is a registered trademark of CIC.
Forward Looking Statements
Certain statements contained in this press release, including without limitation, statements containing the words "believes", "anticipates", "hopes", "intends", "expects", and other words of similar import, constitute "forward looking" statements within the meaning of the Private Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors, which may cause actual events to differ materially from expectations. Such factors include the following (1) technological, engineering, quality control or other circumstances which could delay the sale or shipment of products containing the Company's technology; (2) economic, business, market and competitive conditions in the software industry and technological innovations which could affect customer purchases of the Company's solutions; (3) the Company's inability to protect its trade secrets or other proprietary rights, operate without infringing upon the proprietary rights of others or prevent others from infringing on the proprietary rights of the Company; and (4) general economic and business conditions and the availability of sufficient financing.
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SOURCE Communication Intelligence Corporation