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Press ReleaseWolters Kluwer Financial Services and NREIS Team To Give Lenders Convenient and Affordable Settlement Services
NREIS Settlement Services Complement Wolters Kluwer Financial Services’ PCi Flood Determination Solution, Both Of Which Will Be Offered Through PCi Web Site
MINNEAPOLIS and PITTSBURGH – April 25, 2007 - Wolters Kluwer Financial Services, through its line of PCi compliance analytics solutions, and National Real Estate Information Services (NREIS) today announced a partnership that will give financial organizations access to NREIS’ industry-leading settlement services, including title, automated valuation model (AVM) and property reports, through the PCi flood determination solutions web site (www.floodwiz.com). NREIS’ settlement services complement PCi flood determination solutions, which are also available through www.floodwiz.com. Under the terms of the partnership, Wolters Kluwer Financial Services customers will also have access to competitive pricing for NREIS settlement services that is typically reserved for the top 10 lenders in the country. “By partnering with Wolters Kluwer Financial Services, with its tremendous industry reach, lenders of all sizes will enjoy greater access to the convenience and flexibility of our settlement services through a single web site - providing yet another way to streamline and simplify the lending process,” said Cristy Ward, director of National Accounts, National Real Estate Information Services. “One of the key benefits of this partnership is that NREIS offers robust settlement services that are a good fit with our flood solutions, helping to ensure that the lending process works smoothly and efficiently for our customers,” said Sean Depamphilis, executive vice president of Business Development, Wolters Kluwer Financial Services. The PCi family of products and services, marketed under the Wiz Ò brand name, helps lenders ensure a loan or deposit transaction meets all regulatory obligations associated with the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), fair and predatory lending requirements and Bank Secrecy Act (BSA), flood compliance and anti-money laundering requirements, including USA PATRIOT Act and Customer Identification Program requirements. NREIS is a leading provider of title insurance and property reports, real estate appraisals and alternative valuation products, settlement and closing services, commercial real estate services, default and property preservation services, and flood and tax certifications. About Wolters Kluwer Financial ServicesWolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, GainsKeeper®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow tools, documentation, analytics, authoritative information, and professional services. Customers include banks, credit unions, mortgage lenders, and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com. Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has 2006 annual revenues of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com. About National Real Estate Information ServicesFor nearly 25 years, National Real Estate Information Services (NREIS) has supported both the residential and commercial mortgage and real estate industries through a custom service model, easy-to-use technology, and comprehensive products. The company Web address is www.nreis.com. |
Jennifer Marso Director of Corporate Communications for Wolters Kluwer Financial Services 612.852.7912 Email Jennifer Charles Miller Senior Public Relations Specialist Banking, Mortgage, and Credit Unions 320.240.5457 Email Charles Angela Peterson Senior Public Relations Specialist Securities, Insurance, and Indirect Lending 612.656.7745 Email Angela |