Closing Packages

Desert Document Services brings decades of experience in providing compliant closing document packages. Desert Document Services uses best practices methodologies and leading technology to deliver compliant initial disclosures and closing document packages. Wolters Kluwer Financial Services, the industry leader in compliance solutions with over 70 attorneys dedicated to monitor regulatory changes, ensures that compliance updates are current and accurate. Desert Document Services’ in-depth mortgage compliance knowledge coupled with our fully integrated and systematically enforced change management technology ensures that the myriad of regulatory changes that occur on a daily basis are correctly implemented.

Consistent Delivery of the Correct Document Package

Our calculator engine and multi-layered rules engine are capable of collecting data from multiple sources for each set of documents and then applying our fully customizable reusable business rules in real time to assemble compliant document packages based on the unique transaction variables associated with each loan. We have developed more than 3,000 reusable business rules that enforce compliance on a federal, state, and local level. Our workflow processes ensure accurate and efficient loan transaction execution.

Industry Leading Limited Compliance Warranty

Desert Document Services is backed by Wolters Kluwer Financial Services Limited Compliance Warranty. Our warranty covers:

• Standard VMP® Mortgage Solutions and Wolters Kluwer Financial Services documents
• Data mapping that we perform
• Package rules that we maintain

Disclose and Disclose Again

Many states are now requiring additional disclosures be provided to borrowers for specific loan features, such as interest-only, prepay, and no/low documentation, as well as requiring borrower signatures to verify that they’ve received the disclosures. Pending legislation at both the federal and state specific levels will drive loan product and disclosure requirements changes on an almost daily basis. Whether it is a new disclosure or redisclosure, Desert Document Services provides all required disclosures in each closing document package.