Lenders and servicers can use the documents to help more efficiently refinance troubled borrowers’ existing mortgages into more affordable loans in compliance with the H4H program.
The Department of Housing and Urban Development’s newly-enhanced H4H program contains several provisions meant to increase lender and borrower participation. They include: reduced program fees, streamlined borrower certification requirements and underwriting guidelines more consistent with standard Federal Housing Administration (FHA) lending practices. The program now also provides greater incentive payments for originators and servicers.
Jason Marx, VP and GM of mortgage at Wolters Kluwer Financial Services, said: “By drawing upon our nearly 40 years of mortgage industry experience and strong regulatory expertise, Wolters Kluwer Financial Services will continue to work with lenders and servicers to make the H4H refinance process faster and more efficient.”
Wolters Kluwer Financial Services provides compliance, content, and technology solutions and services that help financial organizations manage risk across their enterprise. The organization’s prominent brands include Bankers Systems, VMP Mortgage Solutions, PCi, AppOne, GainsKeeper, Capital Changes, NILS, AuthenticWeb and Uniform Forms.
