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Firm is adding context mapping from the Reinvestment Fund to its CRA and fair lending compliance software to help financial institutions see their loan and deposit distributions across geographic regions and demographic groups.
May 21
Wolters Kluwer Financial Services announced Wednesday that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company's residential mortgage pre-foreclosure compliance content.
Using DocOne's user interface, servicers can select and complete the documents they need to help build a case file that complies with state and federal regulations before foreclosing upon a property. These include breach notices, notices of default, notices of intent to foreclose and state-specific pre-foreclosure notices.
Minneapolis-based Wolters Kluwer hosts the platform, which also enables servicers to outsource printing and mailing.
"With many servicers currently managing their pre-foreclosure content templates on network drives, DocOne helps reduce version and access control risks associated with that practice," Art Tyszka, Wolters Kluwer's director of default servicing, said in a press release. "With DocOne, servicers can be confident their default servicing specialists can consistently access the compliant documents they need in the pre-foreclosure process."