VMP X4 Workflow Manager Will Provide Mortgage Lenders With Enterprise Class, Web-Based Document Creation, Management, Packaging, and Delivery Solution
VMP® Mortgage Solutions and Entyre® , both a part of Wolters Kluwer Financial Services, today announced they will integrate VMP’s compliance content into Entyre’s X4 solution in order to provide mortgage lenders with an enterprise class, web-based document creation, management, packaging, and delivery solution. The new integrated solution is called VMP X4 Workflow Manager.
“Wolters Kluwer Financial Services enjoys a leading position in the mortgage lending marketplace with respect to compliance content and analytics. In fact, all of the top 30 retail lenders currently use VMP content,” John Bryant, senior vice president of banking for Wolters Kluwer Financial Services, said. “Lenders will now benefit from X4’s data and document management and delivery capabilities while still using the VMP content they have come to know and trust. Our clients will have the best of both worlds—the ability to manage compliance risk and improve efficiencies.”
With its original X4 solution, Entyre responded to the market’s need for an efficient data and document management and delivery software platform with e-mortgage technology that allows for intelligent rules setting, comprehensive compliance testing, and a means for highly efficient electronic collaboration and communication between and among the numerous stakeholders in the mortgage origination and closing process.
VMP’s compliance content supports the originating, processing, underwriting, and closing of conventional, government, and investor mortgage loan programs. VMP’s dedicated compliance staff monitors regulatory issues and trends on the federal, state, and county level. VMP then uses this information to quickly make the necessary regulatory updates to its robust library of more than 4,500 forms ─ known as one of the most widely accepted sources of compliance content by the mortgage industry.
Wolters Kluwer announced the acquisition of Entyre on October 11, 2005, as a part of its strategy to strengthen the company’s focus on mortgage compliance solutions for the industry.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is the market leader in providing comprehensive compliance, credit, and operational risk management and workflow services and solutions; as well as capital changes and corporate actions data and tools for banks, credit unions, mortgage groups, securities organizations, and insurance companies. Our services and solutions include documentation and documentation platforms; analytics; regulations and statutes tools; and capital changes and corporate actions tools that help customers become more efficient and responsive to the needs of their clients while managing compliance and other risks across their enterprise.
Wolters Kluwer is a leading multinational publisher and information services company. The company’s core markets are spread across the health, corporate services, finance, tax, accounting, law, regulatory, and education sectors. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
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