Wolters Kluwer’s Scalable Solutions Enable Lenders to Offer Full and Hybrid Electronic Closings

In an increasingly digital age, companies are targeting solutions that offer convenience and speed, allowing their customers to conduct everyday transactions without leaving their homes. And when it comes to buying and refinancing homes, the demand for digital is no different.

With the recent acquisition of International Document Services (IDS), Wolters Kluwer has cemented its position as a leader in digital mortgage solutions. Complementary document preparation, e-signing, and full and hybrid e-closing options to suit the needs of originators of all sizes are just a few of the innovations Wolters Kluwer brings to the table.

“Our solutions, like ClosingCenter, are integrated with the most widely adopted electronic vault, Wolters Kluwer’s eOriginal OmniVault, used by Fannie Mae and Ginnie Mae, as well as major lenders,” said Steve Meirink, Executive Vice President and Managing Director of Compliance Solutions at Wolters Kluwer.

Wolters Kluwer’s solutions not only allow lenders to offer full and hybrid e-closings, but the company also provides assurance that they are creating compliant, monetizable e-notes. In addition to improving the customer experience, these solutions integrate with leading LOS, DocPrep and POS platforms such as Mortgage Cadence, Blend and Floify, eliminating duplicate data entry, saving time and reducing costs. data integrity issues. Additionally, ClosingCenter has a RON Hub that allows settlement service providers to utilize their choice of RON partners.

As of January 2022, 92% of all electronic notes registered with MERS were created and saved with Wolters Kluwer technology. And that’s not where the company’s technological achievements end.

“Wolters Kluwer’s solutions are comprehensive, scalable, and integrated with a digital-ready secondary market ecosystem that includes GSEs, Ginnie Mae, major investors, blue-chip originators, warehouse lenders, and custodians,” explained Meirink. “Designed with compliance in mind, idsDoc offers over 2,000 customizable audits available to clients, supports state and federal documents, and provides a comprehensive audit worksheet on every loan file.”

Wolters Kluwer provides lenders with a compliant solution, from preparing documents to selling electronic notes in secondary markets. From idsDoc’s advanced software integrations that ensure a seamless document preparation workflow and easy tracking, to eOriginal technology that enables digital asset creation, closing, management and aftermarket activities, Wolters Kluwer approaches every step of the closing process in an innovative way.

In anticipation of changing market conditions and expected growth in home equity lending, Wolters Kluwer recently introduced a new solution – OmniVault for home financing. This market-leading solution will facilitate hybrid closings and eVaulting for real estate assets, including home equity loans.

Ultimately, Wolters Kluwer, through its product suite of purpose-built offerings that now includes eOriginal and IDS solutions, provides its financial services customers with a superior end-to-end digital lending experience.

  • Steven Meirink – Executive Vice President and General Manager, Compliance Solutions

Steven Meirink oversees the P&L, operations and growth strategy of the company’s Governance, Risk & Compliance Solutions business unit.

  • Simon Moir – Vice President, Banking Compliance Solutions

Simon Moir leads the growth and development of Wolters Kluwer’s banking compliance, digital lending and expert solutions portfolios.

  • Shane Martin – Vice President, Specialty Lending

Shane Martin leads sales efforts for Wolters Kluwer’s loan portfolio, including mortgage solutions.

  • Mark Mackey – Director of Technology Product Management, IDS

Mark Mackey leads the IDS team and delivers solutions that enable lenders to digitize their operations.

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