eOriginal® eAsset Management Platform and eOriginal® ClosingCenter help lenders further automate and optimize loan digital value chain
Wolters Kluwer, a global leader in professional information, software solutions, and services, has achieved independent certifications for the eOriginal® eVault that is a core component within its eAsset Management Platform, as well as for its eOriginal® ClosingCenter solution from the Mortgage Industry Standards Maintenance Organization, or MISMO, a not-for-profit organization responsible for developing and maintaining standards for data exchange and business processes within the U.S. mortgage finance industry.
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“These certifications are validation of the deep level of expertise and excellence embodied by our digital lending team over two decades in setting a standard of innovation,” said Simon Moir, Vice President, Banking Compliance Solutions, Wolters Kluwer.
The certifications are awarded only after a rigorous third-party evaluation by MISMO; the recognition of the eVault and digital closing capabilities are among the first issued by MISMO to developers of advanced digital lending technologies.
“These certifications are validation of the deep level of expertise and excellence embodied by our digital lending team over two decades in setting a standard of innovation,” said Simon Moir, Vice President, Banking Compliance Solutions, Wolters Kluwer Compliance Solutions. “Our eVault capability within our eAsset Management Platform, together with our electronic closing solution, provide lenders one of the industry’s most trusted digital lending platforms in further simplifying, automating and securing digital transactions—from eAsset creation all the way to optimizing those digital assets in the secondary market. We are honored to receive this distinction of excellence from MISMO.”
“We applaud Wolters Kluwer in being a leader for achieving these certifications for compliance with MISMO standards,” said Jonathan Kearns, Vice President of Programs & Operations at MISMO. “Adherence to MISMO standards can simplify systems, minimize costs and help reduce the risk of errors, providing a layer of trust and assurance to lenders and other users working with certified technology providers such as Wolters Kluwer.”
The certifications for these two offerings assure compliance not only with MISMO but MERS (Mortgage Electronic Registration System) standards.
Wolters Kluwer’s eOriginal ClosingCenter solution enables closings anywhere in any format, including an in-person or remote eNotary. It seamlessly integrates with the eOriginal eAsset Management Platform to readily enable eNote closings, providing lenders the assurance that digital lending assets are created, stored, and assigned in full accordance with all compliance standards for the industry, managing Digital Certainty®, while maintaining the highest level of legal enforceability throughout a digital loan’s lifecycle.
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