Initial Disclosures

Heightened compliance scrutiny makes it critical for originators to ensure borrowers receive compliant initial disclosures within regulatory-mandated timelines. And, many investors require additional disclosures for specific loan features.

Originators need comprehensive and compliant loan-specific initial disclosures that meet the requirements, while providing the capability to lock borrowers in quickly. You can minimize the risk; spend less time managing internal compliance resources; and focus on revenue generating opportunities using our auditable process with accurate and compliant initial disclosure packages.

Document Services e-disclosure solution—Disclosure Manager®—automates the entire disclosure process—from document generation to secure electronic delivery to borrowers for e-consent or e-signature, with backup paper fulfillment.

Disclosures

Our solution interfaces with your existing loan origination system (LOS) to pull borrower data and populate into its industry-leading initial disclosure and document packages. A robust content management and rules engine along with embedded, up-to-date VMP® Mortgage Solutions content ensure the correct documentation is assembled based on regulatory, jurisdictional, and lender requirements.

Secure e-Delivery

Taking advantage of our secure electronic delivery technology, you can save the time it takes to prepare and deliver loan disclosures using traditional processes. And, you can meet the Real Estate Settlement Procedures Act (RESPA) regulatory requirements and mandated deadlines more easily.

The two-way communication capabilities allow you to have an immediate and secure exchange of disclosures between the sender and recipient. Upon receipt, borrowers can immediately e-consent or e-sign the disclosure so you’ll meet regulatory requirements in less time. The robust reporting capabilities allows you to monitor and reconcile status and provide a verifiable audit trail as proof that RESPA 72-hour requirements have been met.

Paper Fullfillment

When a borrower doesn’t access the e-disclosure within the specified time frame or opts out of electronic delivery, your documentation can be automatically sent to our secure print and mail fulfillment center (our center has successfully completed a SAS 70 Type II review). Proof of mailing is returned to you for RESPA compliance and reporting purposes.