Wolters Kluwer Financial Services announced today that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company’s warranted residential mortgage pre-foreclosure compliance content. More specifically, using DocOne’s straight-forward user interface, servicers can easily select and complete the documents they need to help build a case file that complies with state and federal regulations before foreclosing upon a property. These include breach notices, notices of default, notices of intent to foreclose and state-specific pre-foreclosure notices, all of which are monitored and maintained by Wolters Kluwer Financial Services’ regulatory experts to help ensure compliance with current regulatory requirements.
“With many servicers currently managing their pre-foreclosure content templates on network drives, DocOne helps reduce version and access control risks associated with that practice. With DocOne, servicers can be confident their default servicing specialists can consistently access the compliant documents they need in the pre-foreclosure process,” said Art Tyszka, director of Default Servicing for Wolters Kluwer Financial Services. “And because the DocOne application and content is monitored and maintained by our experts, servicers can be confident that each document they select has been updated to help comply them with the latest rules and regulations. All of this adds up to a more efficient and compliant pre-foreclosure process that helps satisfy regulator and investor expectations.”
Tyszka added that since DocOne is hosted by Wolters Kluwer Financial Services, there are no integration processes or costs for the lender or servicer. And he noted that lenders and servicers can even choose to outsource the printing and mailing of pre-foreclosure packages to homeowners through Wolters Kluwer Financial Services’ print fulfillment facility.