Cash-out refis fall in Q1: Dollar volume of equity cashed-out drops to $29 billion – NMP Skip to main content

Cash-out refis fall in Q1: Dollar volume of equity cashed-out drops to $29 billion

National Mortgage Professional
May 01, 2008

Wolters Kluwer forms alliance with Fidelity NationalMortgagePress.comloan modification document solutions, compliance, loss mitigation Wolters Kluwer Financial Services and Fidelity National Information Services (FIS) announced plans to integrate Wolters Kluwer Financial Services' loan modification document solutions and compliance content into the loss mitigation module of FIS' Desktop platform. FIS Desktop is a robust work flow, document and expense management system that provides mortgage lenders, servicers and investors with business management technology to help manage the entire post-origination loan cycle, from loan acquisition and boarding through loss mitigation and real estate-owned (REO) property disposition. The loss mitigation module is available to all servicers and is integrated with FIS' Mortgage Servicing Package platform, as well as other servicing platforms. With the integration of Wolters Kluwer Financial Services' Desert Document Services repository of standardized documents into FIS' Desktop solution, servicers will have the ability to automatically generate federal and state compliant documents on a nationwide basis. This will help them eliminate the need to maintain and track loan modification documents on a state-by-state basis to ensure ongoing regulatory and recording compliance. The integration will also enable servicers to customize loan modification documents and packages as needed. 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. Jacksonville, Fla.-based Fidelity National Information Services Inc. is a provider of core processing for financial institutions. For more information, call (888) 323-0310 or visit www.fidelityinfoservices.com.
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