Comprehensive Solutions to Meet Heightened Requirements for Initial Disclosures

Heightened compliance scrutiny makes it critical for originators to ensure borrowers receive compliant initial disclosures within regulatory-mandated timelines. What’s more, many investors now require additional disclosures for specific loan features, such as interest only, prepay, and no/low documentation. Originators need comprehensive and compliant loan-specific initial disclosures that meet the requirements, while providing the capability to lock borrowers in quickly. You can minimize the risk; spend less time managing internal compliance resources; and focus on revenue generating opportunities using our auditable process with guaranteed, accurate, and compliant initial disclosure packages.

A Single Ordering Process for Comprehensive Packages

Simplify your compliance fulfillment with our easy, click-to-order process for packages that include:

• Federal- and state-compliant disclosures
• Truth-in-Lending Act (TILA)—Reg Z
• Loan-specific adjustable rate mortgage (ARM) disclosures (including index, look-back, convertibility, assumability, and adjustment periods)
• Calculation engines—TILA, Good Faith Estimate (GFE)
• Fair Credit Reporting Act (FCRA) and Fair and Accurate Credit Transactions Act of 2003 (FACTA) Credit disclosures
• Product-specific disclosures/documents:
• Prepay
• Interest only
• Low/no documentation loans
• Borrower signed confirmation of receipt

SDX Offers Additional Security for Bi-directional Communication

Wolters Kluwer Financial Services’ SDX Secure Document Exchange offers one of the most comprehensive and cost effective delivery solutions in the industry—embedded with secure eDelivery capabilities, including eConsent, with optional paper fulfillment backup. SDX provides secure, bi-directional collaboration between originators and borrowers, facilitating a quick exchange of documents to lock in your borrowers with:

• eDisclosures direct to borrower with a full audit trail
• Allows eConsent
• Secure two-way messaging
• Interfaces with current email system
• Allows attachments in any format
• Provides fax-back capabilities
• Flexible control to fit unique workflows
• Highly configurable
• Implements audit and tracking capabilities
• Backup mail fulfillment available for a complete outsourced solution