BIRMINGHAM, Mich. - Wells Fargo & Co. has taken an undisclosed equity stake in e-Cognita Technologies Inc., a lending technology company, the companies announced Wednesday.
In addition, e-Cognita announced that Wells Fargo had agreed to us its Steamloaner Internet software to automate its commercial mortgage operations.
Wells Fargo's commercial mortgage unit underwrites fixed-rate and variable-rate loans of $1 million to $250 million on income-producing real estate across the United States, the company said.
