LoanResolve.com, a provider of technology solutions and services designed to help financial organizations manage default losses, liquidate nonperforming assets, minimize risk and improve borrower communications, has formed a partnership with Wolters Kluwer Financial Services, a provider of regulatory compliance solutions. The companies plan to quickly implement loan modification document solutions that ensure compliance with lender requirements.
LoanResolve offers borrowers an online tool that helps them proactively research ways to resolve a delinquent or potentially delinquent loan with their lender. Based on information the borrower provides concerning his or her loan and the lender's available resolution options, LoanResolve assists the borrower and lender in agreeing to new terms.
In the case of a loan modification, LoanResolve can quickly produce the needed documents to meet lender requirements through Wolters Kluwer Financial Services' Desert Document Services platform, the companies add. Wolters Kluwer Financial Services offers lenders and servicers a standard – yet customizable – set of loan modification documents and packages compliant with investor requirements.
