Del Mar DataTrac and Wolters Kluwer team to help reduce compliance burdens

Del Mar DataTrac (DMD), a provider of affordable mortgage lending automation solutions announced that Wolters Kluwer Financial Services home loan application disclosures and closing documents are now available from within DMD’s DataTrac loan origination solution. DMD’s DataTrac customers now have seamless, electronic access to Wolters Kluwer Financial Services’ VMP Mortgage Solutions compliance disclosures and closing document packages through the company’s Document Preparation Platform. Financial institutions have counted on the documents within the platform to help meet state and federal regulatory requirements for nearly four decades. With the integration to Wolters Kluwer Financial Services’ Document Preparation Platform, users of DMD’s DataTrac solution have the ability to generate standard and customized initial disclosures and closing documents. Because Wolters Kluwer Financial Services’ platform generates the necessary compliance documentation on behalf of DMD’s lenders, they can reduce the regulatory requirement burden associated with determining which documents are required for a specific transaction and jurisdiction. “Partnering with Wolters Kluwer Financial Services allows DMD to give the hundreds of mortgage lenders, banks and credit unions that use DataTrac the benefit of accessing these accurate and up-to-date compliance documents without disrupting their lending work flow,” said Rob Katz, president of DMD. “We’re excited about the opportunity to provide a greater number of financial institutions with access to our disclosures and closing packages through our new alliance with DMD,” said Jason Marx, vice president and general manager, mortgage. “DMD’s DataTrac users can rest assured the compliance content within our documents is built upon nearly 40 years of regulatory expertise and experience in the mortgage industry.” For more information, visit www.dmdinc.com or www.wolterskluwerfs.com.