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Wolters Kluwer Partners With eOriginal

NationalMortgageProfessional.com
Apr 01, 2016
ISGN Corporation has announced that it has completed the sale of its business unit, ISGN Solutions

Wolters Kluwer has announced that it has teamed with eOriginal Inc., a provider of digital transaction management (DTM) solutions, to add eVaulting and eClosing capabilities to its Expere dynamic document solution to deliver end-to-end eClosing functionality for its banking customers. The integration will allow Expere users to utilize eOriginal’s extensible, plug and play digital mortgage platform.

The integration of eOriginal with Expere will also enhance the solution’s electronic delivery and mortgage loan document management capabilities throughout the mortgage lending process, including securitization to either a MERS or non-MERS buyer. Additionally, the integration will give lenders more flexibility in meeting the requirements of TILA-RESPA Integrated Disclosure (TRID) and the opportunity to better serve customers based on their preferences.

“More consumers today are looking for the flexibility to execute their mortgage loan documents electronically,” said Stephen Bisbee, president and CEO of eOriginal. “It gives them the freedom to review the documents at their own pace with their own devices. By integrating eOriginal’s Digital Mortgage Platform with Wolters Kluwer’s Expere dynamic document solution, we will make it possible for thousands of lenders to offer eClosing capabilities to their customers. eOriginal’s platform is an extension of the highest volume econtracting platform in the market and vetted by all the parties on the backend of securitization including investors, rating agencies and issuers counsel.”

The Expere engine is used by more than 2,000 financial institutions, including five of the top 10 U.S. banks and 60 percent of the top 30 banks to generate accurate and compliant loan documents across all 51 U.S. jurisdictions. The dynamic content library is maintained and warranted by Wolters Kluwer to help lenders meet the compliance requirements of today’s continually evolving regulatory changes. Through the combined solution, lenders will have access to Wolters Kluwer’s industry leading compliance content and eOriginal’s industry leading encryption and security protocols, including tamper seals, data integrity checks, audit trail, access rights and secure storage.

“Our collaboration with eOriginal will provide a tremendous value to our Expere customers, enabling them to leverage this combined functionality to develop an eClosing workflow that meets new strategic digital banking strategies,” said Steve Meirink, executive vice president and general manager of Compliance Solutions at Wolters Kluwer. “The integration will streamline the entire digital transaction management process for our customers, from compliance to the digital security measures and protocols needed to make the transition, giving them a tremendous competitive advantage.”

Published
Apr 01, 2016
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