Wolters Kluwer Compliance Solutions completed the latest integration in it's ClosingCenter technology, leveraging ICE Mortgage Technology's platform and the Mortgage Electronic Registration System. The latest integration was made in hopes to provide a compliant digital lending workflow, from origination to closing to secondary market delivery.
With this integration, Encompass loan information from the ICE Mortgage Technology platform is delivered to the ClosingCenter platform, providing a compliant and secure workflow, according to a press release.
ClosingCenter, part of Wolters Kluwer’s eOriginal suite of products, provides a digital close-to-capital-markets solution. ClosingCenter includes eSignature, eNote generation, electronic vaulting and integration with the MERS eRegistry. This is the centralized system of record identifying the controller (holder) and location (custodian) for the authoritative copy of a registered eNote. Built on a scaled digital ecosystem, ClosingCenter allows originators to quickly realize increased capital velocity from swift digital loan delivery to counterparties including Fannie Mae, Ginnie Mae and leading bank investors, according to Wolters Kluwer.
“This integration offers turnkey access to the industry’s ecosystem of secondary market partners, enabling frictionless transfer and sale of digital mortgages in the secondary market,” said Steven Meirink, executive vice president and general manager, Wolters Kluwer Compliance Solutions. “Our team of experts enable lenders to quickly realize the full benefits of digital closings and help meet the accelerating market demand for fully digital, compliant mortgage transactions.”
