Wolters Kluwer Financial Services and LoanSifter Provide Lenders Seamless, Electronic Access to Compliance Disclosures
MINNEAPOLIS & APPLETON, Wis.-(Business Wire)-September 28, 2009 - Wolters Kluwer Financial Services and LoanSifter announced today that the two companies have integrated Wolters Kluwer Financial Services’ Disclosure Manager solution with LoanSifter’s integrated web-based 1003 mortgage application and product, pricing and eligibility engine. As a result, banks, credit unions and lenders using LoanSifter’s solution to originate mortgage loans will have seamless, electronic access to Wolters Kluwer Financial Services’ VMP Mortgage Solutions compliance disclosures. Financial institutions have relied upon the disclosures to help meet all state and federal regulatory requirements for nearly four decades.
The new integration will enable users of LoanSifter’s integrated 1003 mortgage application solution to generate standard and customized initial disclosure documents through Wolters Kluwer Financial Services’ Disclosure Manager solution, and then electronically deliver them to borrowers for e-signature. The platform also gives financial institutions the option of completely and securely outsourcing the printing and mailing of paper disclosures when needed or requested by the borrower through Wolters Kluwer Financial Services’ mail fulfillment center.
Because Wolters Kluwer Financial Services’ Disclosure Manager platform automatically generates compliance documentation for LoanSifter’s lenders, they can eliminate the regulatory requirement burden associated with determining which documents are required for a specific transaction and jurisdiction. Through the secure electronic delivery of disclosures, lenders can also realize considerable time and cost-savings through reduced printing, handling and mailing costs versus the traditional manual, labor-intensive paper-based process.
“With LoanSifter’s versatile Web site pricing portal and 1003 applications, financial institutions are able to deliver accurate real-time quotes and streamline the application process, while reducing mistakes from within their existing Web sites,” said Bruce Backer, president of LoanSifter. “This key integration with Wolters Kluwer Financial Services closes the loop by automatically delivering up-to-date disclosures, ensuring proper compliance and reducing overhead.”
“No other provider can help financial institutions manage more of their regulatory compliance and operational risks tied to mortgage lending than Wolters Kluwer Financial Services,” said Jason Marx, vice president and general manager, Mortgage, for the company. “By working with leading providers like LoanSifter, we’re helping more institutions successfully and compliantly grow their lending businesses.”
About LoanSifter, Inc.
LoanSifter, Inc. provides the banking industry's most comprehensive tools for mortgage bankers, loan officers and secondary departments to price, market and manage loans. The company’s flagship product, LoanSifter, is an accurate, web-based pricing solution providing banks, credit unions and brokers with advanced tools to improve their service levels and increase profits. LoanSifter has the most comprehensive investor database in the industry featuring over 130 correspondent and wholesale lenders. For more information, call 920.268.4770 or visit www.LoanSifter.com.
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, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2008) €3.4 billion ($4.9 billion) and approximately 20,000 employees worldwide. Please visit our Web site for more information.
 |
 |
 |
|
||
 |
|
 |
|
||
Search Our News Using Google Search
Can't find what you want? Try using Google:
