Wolters Kluwer Financial Services and Tavant Technologies announced today that they are working together to make the compliance documentation process for mortgage lenders easier, faster and more accurate while giving them multiple document delivery options.
The two companies have integrated Wolters Kluwer Financial Services' Document Services Platform with Tavant's Point of Sale (POS) solution suite.
The new integration will enable users to generate standard and customized compliance documents and disclosures through Wolters Kluwer Financial Services' Document Services Platform, and then electronically deliver them to borrowers for e-consent and signature. The platform also gives lenders 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' SAS 70-certified mail fulfillment center.
Because Wolters Kluwer Financial Services' Document Services Platform automatically generates compliance documentation for Tavant's lenders, they can greatly reduce the amount of time it takes to issue disclosures to borrowers and document loans versus a manual, labor-intensive paper-based process. And through the secure electronic delivery of disclosures, lenders can also realize considerable cost-savings through reduced printing, handling and mailing costs.
"Tavant's mission is to bring game-changing services and solutions to the consumer lending industry using the latest in SOA, Web2.0, RIA, Rules and Workflow technologies," said Hassan Rashid, senior vice president, Global Sales and Marketing, Tavant Technologies. "This enables our customers to create a significant competitive edge and attain cost efficiency, compliance, as well as profitability goals in a challenging business environment. Working with Wolters Kluwer Financial Services, an industry leader for document management, fulfillment and compliance services, helps us bring greater depth to our lending solutions and add significant business value for our customers."
"Wolters Kluwer Financial Services is committed to helping mortgage lenders manage all of their regulatory and operational risks through our complete line of industry-leading compliance technology solutions," said Jason Marx, vice president and general manager, Mortgage, Wolters Kluwer Financial Services. "By working with leading providers in the mortgage market, like Tavant, we're extending our reach into this space and helping more lenders grow their business by making compliance an easy and effective piece of their overall workflow."