SDX Secure Document Exchange provides a secure, easy-to-use environment in which financial institutions can electronically transmit information and documentation between senders and recipients. Developed especially for the financial industry, SDX was created with consideration for legislative requirements, such as Gramm-Leach-Bliley and Sarbanes-Oxley (SOX), and provides the security to help you meet the needs many Internet delivery tools just don't address.
Security: The Backbone of the System
SDX employs the highest level of protective measures to keep content safe and secure during transmission with intended recipients, including:
- Tamper Sealing—All messages and attachments are encrypted and tamper sealed inside a digital vault.
- Digital Rights Management—SDX supports "digital shredding" of secure messages and communications, and print and copy protection.
- Enforceable Integrity—Content is the lifeblood of your organization. SDX helps you ensure the integrity and verify the content of each message.
Cost-Efficient, Time-Wise, and Practical Content Control Increased Efficiencies and Decreased Costs
With tangible savings of 65 percent off the cost of traditional overnight shipping, SDX offers a wealth of cost- and time-cutting efficiencies, including:
- Work Flow Improvement—Minimize your time spent on transactions throughout your business by automating communications, thus increasing productivity.
- Secure Messaging—Secure all your Internet communications with the advantages of a ready-built system.
- Expedited Delivery—Securely deliver any type of file or message in seconds.
- Full Support—Both sender and recipient can take advantage of Wolters Kluwer Financial Services' extensive support services—with unequalled standards in staff knowledge,availability, and customer service.
Adaptable Control Means Reliable Content
The flexible nature of SDX allows a seamless integration with most systems and networks while providing the administrative and content control you need to run your business. As a complete solution using flexible, industry- and regulatory-accepted technology, SDX offers:
- A Fully Collaborative Exchange—SDX can be quickly configured for one-way or two-way communication, so documents and data can be exchanged between sender and recipient as necessary, such as sending the HUD-1 back and forth for reconciliation.
- Integration Options—Unlike most solutions, SDX does not require the installation of hardware or software. You can access SDX in a number of ways for maximum flexibility and user preference: via a web-based UI, or integrated seamlessly into an existing system via SDX-Onsite server application or true SDX Web Services.
- Web Services—SDX supports web services and allows third-party or custom programming against the SDX service through platforms such as .NET and Java™.
- Electronic Signing—Configure SDX to request users to sign legal terms and conditions before accessing a package.
- Corporate Archive and E-Mail System Compatibility—SDX can coexist with your current archive and e-mail system and conform to existing security policies or compliance content inspection. The technology behind the system's security functionality was created based on Sarbanes-Oxley (SOX), SEC 17 a-4, NASD® 3010, and Health Insurance Portability and Accountability Act (HIPAA) regulations.
eDisclosures: Customer Communication Made Easier
SDX Secure Document Exchange not only allows you to electronically send initial disclosures to your borrowers, but to receive the consents or rejections electronically as well. Your borrowers will appreciate this quick and easy-to-use process, and you’ll meet your regulatory requirements in less time with better pull-through rates. With SDX you can:
- Configure the work flow to your requirements;
- Securely receive documents back from your borrowers as securely as you sent them;
- Receive proof of borrower consent or rejection of disclosures with industry-standard electronic signatures, if applicable; and,
- Check status of disclosure at any time as all actions to the transaction are tracked and documented.
Fax Reply: Ease of Response for Borrowers
SDX provides the ability for consumer and business borrowers to securely send documents without having to scan and image—just fax to the SDX system. Immediate delivery and imaging of fax documents are sent and received with no additional hardware.
- Securely send and receive fax communications between your organization and your business and consumer customers.
- The secure fax reply is sent back to SDX as an imaged PDF file.
- All fax communications get attached to the original message thread for tracking purposes.
Secure Electronic Mortgage Transactions and More
SDX is the optimal secure Internet document exchange solution for institutions that offer mortgage products because it supports the electronic mortgage (eMortgage) framework and data standards created by the Mortgage Industry Standards Maintenance Organization (MISMO). Built on a true digital vault to provide a powerful and adaptable eMortgage backbone and architecture, SDX offers the ability to add tamper-evident seals to any file type—including Real Estate Settlement Procedures Act (RESPA) disclosure documents.
