Wolters Kluwer Financial helps lenders and borrowers simplify closing processMortgagePress.comSimplified Mortgage, closing, recordable mortgage document
Wolters Kluwer Financial Services announced the launch of a new
mortgage document solution, the Wolters Kluwer Financial Services
Simplified Mortgage. The solution will help lenders and borrowers
make the closing process for first mortgage and home equity loans
easier, faster and more affordable, while complying with all
federal and state regulatory requirements.
Simplified Mortgage permits the current recordable mortgage
document to be split into two content pieces. The first piece is a
two- to three-page recordable instrument that contains all
information required to create a valid lien and fully comply with
the recording requirements of each state. The second piece is a
non-recordable supplement that outlines a loan's standard covenants
between the lender and borrower.
Wolters Kluwer Financial Services is a provider of forms and
compliance software to the financial industry based in Minneapolis.
For more information, call (800) 552-9410.