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Wolters Kluwer Financial Services and MortgageDashboard Provide Lenders With Comprehensive Solution to Loan Origination and Compliance

New integration will enable users to eliminate compliance burden, save time and cost

Wolters Kluwer Financial Services and MortgageDashboard announced today that they have integrated Wolters Kluwer Financial Services’ Document Services Platform with MortgageDashboard’s loan origination system (LOS). As a result, lenders using MortgageDashboard’s complete, end-to-end LOS will have access to Wolters Kluwer Financial Services’ industry-leading VMP Mortgage Solutions compliance documents from within the system.

The new integration will enable MortgageDashboard users to generate standard and customized closing and initial disclosure documents through Wolters Kluwer Financial Services’ Document Services Platform, and then electronically deliver them to borrowers for e-consent and e-signature. The platform also gives lenders the option of completely and securely outsourcing the printing and mailing of paper disclosures when needed or requested by the borrower through Wolters Kluwer Financial Services’ SAS 70-certified mail fulfillment center.

Because Wolters Kluwer Financial Services’ Document Services Platform automatically generates compliance documentation for MortgageDashboard’s lenders, they can eliminate the compliance burden associated with determining which documents are required for a specific transaction and jurisdiction. Through the secure electronic delivery of disclosures, lenders can also realize considerable time and cost-savings through reduced printing, handling and mailing costs versus the traditional manual, labor-intensive paper-based process.

Lenders also save money through MortgageDashboard’s pay-per-loan pricing structure, which allows them to process a loan and create document packages using the company’s LOS for one fee per loan closed and doesn’t require them to sign a contract or pay any set-up fees.

“The mortgage industry has looked to Wolters Kluwer Financial Services for trusted regulatory compliance content through its VMP Mortgage Solutions brand for more than three decades,” said Jorge Sauri, chief executive officer of MortgageDashboard. “The depth and breadth of that compliance expertise, along with the company’s ability to deliver it through an automated system and printed documents is why we chose to partner with Wolters Kluwer Financial Services and integrate their platform with our software.”

“No other provider can help mortgage lenders manage more of their regulatory compliance and operational risks than Wolters Kluwer Financial Services,” said Jason Marx, vice president and general manager, Mortgage, for the company. “By working with providers like MortgageDashboard, we’re extending the reach of our comprehensive compliance technology solutions into the mortgage marketplace. And we’re helping more lenders prudently grow their business by making compliance an easy and effective piece of their overall workflow.”

About MortgageDashboard
MortgageDashboard is a Software as a Service (SaaS) company founded in 2001 to provide industry-leading on-demand solutions for the mortgage industry. MortgageDashboard offers an end-to-end mortgage banker system that provides lenders with on-demand tools on a pay-per-loan basis. In addition to pay-per-loan software for mortgage bankers, MortgageDashboard provides the nation’s leading on-demand loan origination system (LOS) for Web-based, paperless origination and processing. For more information, please call 800-209-8812 or visit
www.mortgagedashboard.com.

About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides best-in-class compliance, content, and technology solutions and services that help financial organizations manage risk and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include Bankers Systems, VMP® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, Capital Changes, NILS and AuthenticWeb™.

Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and workflow tools, documentation, analytics, authoritative information and professional services. Customers include banks, credit unions, mortgage lenders and securities and insurance organizations of all sizes throughout the United States. For more information on Wolters Kluwer Financial Services, visit www.WoltersKluwerFS.com.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.WoltersKluwer.com for information about our market positions, customers, brands and organization.