To help financial firms deal with delinquencies and foreclosures, Wolters Kluwer Financial Services expanded its document management services platform and is now offering default notices, demand letters, foreclosure affidavits and other documents used in the default process.
The offering also provides servicers with regulatory and risk management experts who will review notices and letters to ensure they meet state and federal compliance guidelines.
Wolters Kluwer's risk management team can help services customize or revamp existing default notices and demand letters. The system also allows servicers to utilize standardized warranted documents that are created by Wolters Kluwer to ensure compliance with regulations.
The expansion of the platform comes at a time when servicers are dealing with an influx of new regulations at both the state and federal level.
"Our professionals' deep understanding of the volatile and ever-evolving regulatory environment can help servicers reduce the time they spend monitoring compliance change, eliminate redundant or obsolete forms, and implement compliant and accurate documents," said Jason Marx, vice president and general manager of Wolters Kluwer Financial Services’ Residential and Indirect Lending businesses.