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Closing PackagesWolters Kluwer Financial Services brings decades of experience in providing compliant closing document packages. We leverage best practice methodologies and leading technology to help automate the mortgage closing process—from generation of compliant closing packages to secure electronic delivery to borrowers. With our Document Preparation solution, you can create standard and custom closing documents quickly and accurately with data from your loan operating system. We support all FNMA, FHLMC, FHA, and top investors’ loan programs with compliant closing documentation. Our calculator and multi-layered rules engines are capable of collecting data from multiple sources for each set of documents. Then applying our fully customizable reusable business rules in real time to assemble compliant document packages based on the transaction variables associated with each loan. We have developed over 3,000 reusable business rules that enforce compliance on a federal, state, and local level. Our workflow processes help ensure accurate and efficient loan transaction execution. DisclosuresMany states require additional disclosures be provided to borrowers for specific loan features, such as interest-only, prepay, and no/low documentation, and require borrower signatures to verify receipt. Pending legislation at both the federal- and state-specific levels will drive loan product and disclosure requirements changes on an almost daily basis. Whether it is a new disclosure or redisclosure, Document Preparation provides all required disclosures in each closing document package. Secure DeliveryBy taking advantage of our secure electronic delivery technology, your closing documents—complete with confidential data—can be safely and quickly transmitted to clients over the Internet. The two-way communication capabilities allow you to have a quick and secure exchange of documents and data between the borrower and you. Upon receipt of the documents, borrowers can immediately e-consent or e-sign for prompt turnaround. And, the robust tracking, auditing, and reporting capabilities allow you to see status updates and transaction history. When electronic delivery is not an option, your documentation can be automatically sent to our secure print and mail fulfillment center which has successfully completed a SAS 70 Type II review. Proof of mailing is returned to you for compliance and reporting purposes. Industry Leading Limited Compliance WarrantyBy working with us, you can rest assured, knowing that you are receiving the most widely trusted and accepted forms in the industry, backed by our comprehensive warranty, covering:
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