Del Mar DataTrac (DMD), a provider of mortgage lending automation solutions to mortgage lenders, banks, and credit unions, has said that Wolters Kluwer Financial Services home loan application disclosures and closing documents are now available from within DMD’s DataTrac loan origination solution.
DMD’s DataTrac customers now have electronic access to Wolters Kluwer Financial Services’ VMP Mortgage Solutions compliance disclosures and closing document packages through the company’s document preparation platform.
With the integration to Wolters Kluwer Financial Services’ document preparation platform, users of DMD’s DataTrac solution have the ability to generate standard and customized initial disclosures and closing documents. Because Wolters Kluwer Financial Services’ platform generates the necessary compliance documentation on behalf of DMD’s lenders, they can reduce the regulatory requirement burden associated with determining which documents are required for a specific transaction and jurisdiction.
Rob Katz, president of DMD, said: “Partnering with Wolters Kluwer Financial Services allows DMD to give the hundreds of mortgage lenders, banks and credit unions that use DataTrac the benefit of accessing these accurate and up-to-date compliance documents without disrupting their lending work flow.”
Jason Marx, vice president and general manager of Mortgage, said: “We’re excited about the opportunity to provide a greater number of financial institutions with access to our disclosures and closing packages through our new alliance with DMD. DMD’s DataTrac users can rest assured the compliance content within our documents is built upon nearly 40 years of regulatory expertise and experience in the mortgage industry.”
