Minneapolis-headquartered Wolters Kluwer Financial Services has launched Disclosure Manager, an automated solution designed to replace a lender's paper-based home loan disclosure process.
Disclosure Manager allows lenders to automate the entire initial loan disclosure process, from document creation to the secure electronic delivery of documents to borrowers for e-consent or e-signature, the company says. In addition, Disclosure Manager allows lenders to completely and securely outsource the printing and mailing of paper disclosures when needed or requested by the borrower through Wolters Kluwer Financial Services' SAS70-certified mail fulfillment center.
According to Wolters Kluwer Financial Services, by using Disclosure Manager's secure electronic delivery feature, lenders can deliver disclosures to borrowers in a matter of minutes versus days. Borrowers are given the option of immediately offering e-consent or e-signing the disclosure, speeding up their time to closing and locking them in more quickly as a customer for the lender.