Press Release

MINNEAPOLIS – June 30, 2008 – Wolters Kluwer Financial Services announced today that Wells Fargo Funding has approved the company’s Disclosure Manager™ solution for use by its correspondent mortgage lenders. Disclosure Manager is a unique solution that helps mortgage lenders to automate the entire initial loan disclosure process, from document creation to the secure electronic delivery of documents to borrowers for e-consent or e-signature.

Going forward, Wells Fargo Funding will accept initial disclosures from correspondent mortgage lenders that were electronically signed by borrowers using Wolters Kluwer Financial Services’ Disclosure Manager solution. Correspondent lenders will be able to deliver disclosures to Wells Fargo Funding through Disclosure Manager that meet the organization’s regulatory compliance and electronic delivery requirements.

Lenders utilizing Disclosure Manager can more efficiently comply with regulatory requirements while originating loans faster, reducing operational costs and improving the overall borrower experience. They can significantly lower the number of full-time employees working on the disclosure process and move them to revenue-generating activities instead. Through secure electronic delivery of disclosures, lenders also realize considerable cost-savings in the form of reduced printing, handling and mailing costs.

By using Disclosure Manager’s secure electronic delivery feature, lenders can deliver disclosures to borrowers in a matter of minutes versus days. Borrowers are given the option of immediately offering e-consent or e-signing the disclosure, speeding up their time to closing and locking them in more quickly as a customer for the lender. Secure electronic delivery can also provide lenders with a complete and verifiable audit trail to prove to regulators that required disclosures were sent to the borrower within 72 hours of application, as required by the Real Estate Settlement Procedures Act (RESPA).

In addition, Disclosure Manager allows lenders to completely and securely outsource the printing and mailing of paper disclosures when needed or requested by the borrower through Wolters Kluwer Financial Services’ SAS 70-certified mail fulfillment center. The solution is also highly-configurable, allowing lenders to take advantage of all of its functionalities or just certain ones as needed depending on lenders’ specific workflow needs.

“We are pleased Wells Fargo Funding recognizes the value Wolters Kluwer Financial Services’ Disclosure Manager can bring to its correspondent lenders,” said Jason Marx, vice president and general manager, Mortgage, Wolters Kluwer Financial Services. “By looking to us to help them automate the entire initial loan disclosure process, lenders can save time and money while strengthening regulatory compliance and improving the borrower experience.”

For more information on Wolters Kluwer Financial Services’ Disclosure Manager solution, please visit www.WoltersKluwerFS.com/DisclosureManager.

About Wolters Kluwer Financial Services

Wolters 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, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS, AuthenticWeb™ and CCH® Wall Street.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow 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 globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.