Wolters Kluwer: H4H Compliance Solution In Development


Wolters Kluwer Financial Services, an information services company, has begun development of a suite of solutions to assist financial institutions in complying with the Federal Housing Administration's HOPE for Homeowners (H4H) program.

The company says it is developing the documents necessary for lenders and servicers to comply with the program's new consumer disclosures and closing package requirements. The documents will be available in electronic or print formats and through the company's document preparation platform. The documents are expected to be available by the end of the year.

Financial institutions can also register for a free roundtable webinar that Wolters Kluwer Financial Services will conduct on Jan. 7, 2009, that explains the differences between loan modifications and the H4H program, H4H eligibility and requirements, and operational considerations for implementing an H4H program.

"By drawing upon our experience and strong regulatory expertise, we'll work with lenders and servicers to make the H4H refinance process faster and easier through our leading compliance documents, borrower disclosures and secure delivery solutions," says Jason Marx, general manager of Wolters Kluwer's mortgage division. "That will allow them to provide relief to borrowers more quickly, so they can stay in their homes and help them retain more of their revenue as well."

SOURCE: Wolters Kluwer Financial Services

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