MINNEAPOLIS – (BUSINESS WIRING) –Wolters Kluwer Compliance Solutions has completed its latest integration with ClosingCenter. Latest integration with Mortgage technologies ICETM, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure. The integration uses the ICE Mortgage Technology Platform and MERS® (Mortgage Electronic Registration System) with Wolters Kluwer’s. ClosingCenter to ensure an appropriate digital lending workflow, from creation to closure and aftermarket delivery.
Through this integration, the Encompass loan information from the ICE Mortgage Technology platform is delivered to the ClosingCenter platform, providing a consistent and secure workflow. This is leading to digital lending capabilities that can be expanded and customized to meet ever-changing business requirements.
ClosingCenter, part of the Wolters Kluwer eOriginal suite of products, provides a complete digital capital markets solution. ClosingCenter includes e-signature, e-note creation, e-filing, and MERS e-registration integration. It is a centralized recording system that identifies the controller (holder) and location (custodian) of an official copy of a registered eNote. ClosingCenter, built on a scalable digital ecosystem, enables initiators to quickly realize an increase in capital velocity by rapidly delivering digital credit to counterparties including Fannie Mae, Ginnie Mae and leading banking investors.
“ClosingCenter’s integration with Encompass provides customers with a value-added solution that provides opportunities close to capital markets. This integration offers turnkey access to an industry ecosystem of secondary market partners, enabling the seamless transfer and sale of digital mortgages in the secondary market, ”he said. Stephen Meirink, Executive Vice President and CEO of Wolters Kluwer Compliance Solutions. “Our team of experts enables lenders to quickly realize the full benefits of digital closures and help meet the growing market demand for fully digital, compliant mortgage transactions.”
ICE Mortgage Technology brings together technology, data and expertise to automate the entire mortgage lending process, from consumer acquisition to loan registration and all the milestones and tasks. ICE Mortgage Technology is a leading provider of cloud-based lending platforms for the mortgage industry with solutions that enable lenders to disburse more loans, lower lending costs and shorten closing times, while ensuring the highest levels of compliance, quality and efficiency.
About Wolters Kluwer Governance, Risk and Compliance
Governance, Risk and Compliance is a business unit Wolters Kluverto provide legal and banking professionals with solutions to help them comply with ever-changing regulatory and legal obligations, manage risk, improve efficiency and improve business results. GRC offers a portfolio of expert services and technology-based solutions focused on legal compliance, legal management, banking product compliance, and banking compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for healthcare, tax and accounting, risk and compliance, finance and legal professionals. Wolters Kluwer reported 2020 annual revenues of 4.6 billion euros. Headquartered in Alphen aan den Rijn, the Netherlands, the company serves customers in over 180 countries, operates in over 40 countries and employs 19,200 people worldwide.
About the intercontinental exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services for major asset classes that offer our clients access to critical workflow tools that increase transparency and operational efficiency. We are working exchanges, including New York Stock Exchange, and clearing houses that help people invest, raise capital, and manage risk across multiple asset classes. Our total fixed income data transmission services and Execution Capabilities provide information, analytics, and platforms that help our clients capitalize on opportunities and work more effectively. V Mortgage technologies ICE, we are transforming and digitizing the U.S. home mortgage lending process, from consumer engagement to loan registration. Together, we transform, optimize and automate industries to empower our customers.
Trademarks of ICE and / or its subsidiaries include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Intercontinental Exchange, Inc. Additional Trademark and Intellectual Property Rights Information and / or its subsidiaries located here… Key information documents for specific products subject to the EU Package Retail and Insurance Investment Products Regulation can be accessed on the exchange’s respective website under the heading Key Information Documents (KIDS).
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 – Non-historical statements in this press release regarding ICE’s business are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements, please refer to ICE Securities and Exchange Commission (SEC) documents, including but not limited to risk factors in the Annual Report ICE. Form 10-K report for the year ended December 31, 2020 filed with the SEC on February 4, 2021.
Visit icemortgagetechnology.com or call (877) 355-4362 to find out more.