Wolters Kluwer wants to help mortgage servicers build a complete case file on a property before any foreclosure is filed.
The risk management and compliance adviser said its pre-foreclosure service will allow firms to better manage fluctuating default volumes and associated regulatory demands.
"Regulators continue to intensify their scrutiny of servicing practices and the number of home loans entering default remains steady," said Jason Marx, vice president and general manager of the company’s residential and indirect lending businesses lines.
"By turning the pre-foreclosure process over to us, we can help them make it much more efficient than they could on their own along with complete confidence they are in compliance with federal and state requirements," Marx said.
The company said the service provides notices of default, foreclosure complaince summaries and foreclosure affidavits among its offerings.
— Jason Philyaw