Wolters Kluwer Financial Services

Press Release

Wolters Kluwer Financial Services Introduces Comprehensive Suite of FHA Lending Services

MINNEAPOLIS – July 31, 2008 – To help financial institutions address the growing interest in Federal Housing Administration (FHA) home loans, Wolters Kluwer Financial Services has introduced a comprehensive new suite of government lending services to create, expand and manage a profitable, compliant FHA lending program.

FHA loans are one of the fastest growing products in today’s mortgage lending marketplace. With years of government lending experience, Wolters Kluwer Financial Services’ compliance professionals have the knowledge, skills and tools available to help lenders meet this increased demand.

Wolters Kluwer Financial Services’ broad array of FHA services can be customized to meet the specific needs of lenders just starting an FHA lending program or wanting to rapidly grow an existing one. These solutions and services include:

  • Department of Housing and Urban Development (HUD) Licensing Support — Guides lenders through the Lender Application process and assists with identifying all the necessary documentation required to obtain license approval

  • Government Lending Training — Comprehensive training to help lenders understand the basics of FHA mortgage lending including origination, processing, underwriting and servicing

  • Document Package Selection Services — Provides a list of best practice, industry-standarddocuments for each phase of the loan process (application, processing, closing and post closing) based on the product and lending jurisdictions

  • Mortgage Documents — Warranted origination and closing forms available in print, through Wolters Kluwer Financial Services’ VMP® Mortgage Solutions E-Forms integrated into a lender’s loan origination system, or completed through the company’s Desert Document Services® document preparation solution

  • Integration Consulting — Assistance with developing system requirements and functional specifications for integration to FHA lending applications

  • Strategic Level Compliance Assessment — Comprehensive review of a lender’s mortgage portfolio, compliance program and lending processes to help them proactively manage areas of risk

  • Post Government Integration Assistance — Independent review of a lender’s government lending program to help implement a quality control plan, prepare its team for regulatory exams and mortgagee reviews, and resolve inefficiencies in workflow processes to minimize risk

“It’s clear FHA lending programs present financial institutions with an opportunity for potential revenue growth,” said Jason Marx, vice president and general manager, Wolters Kluwer Financial Services. “By partnering with Wolters Kluwer Financial Services, they’ll not only obtain trusted industry expertise, but also the necessary services, products, and technology tools they need to immediately get started or expand their presence in this market.”

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.


Quick Links Media Contacts

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