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Press ReleaseWolters Kluwer Financial Services Wins Mortgage Technology’s 10X Award
Publication Recognizes Company’s Comprehensive Regulatory Compliance And Operational Risk Management Solutions As Having An Exponential Impact On The Mortgage Industry
MINNEAPOLIS – Oct. 15, 2007 - Wolters Kluwer Financial Services, the financial services industry’s leading provider of innovative and trusted regulatory compliance and operational risk management solutions, has won Mortgage Technology magazine’s 2007 10X Award. Mortgage Technology presents the 10X Award each year to the company, product or technology application the publication feels has had an exponential impact on the mortgage industry. Mortgage Technology recognized Wolters Kluwer Financial Services’ 10X victory during an awards ceremony last night at the Mortgage Bankers Association’s Annual Convention & Expo in Boston. The judges noted in Mortgage Technology “when [Wolters Kluwer Financial Services] joined Bankers Systems, PCi Corp. and VMP Mortgage Solutions and then Entyre together, [the company] served notice that it would be a significant force in the mortgage industry, setting out to create ‘the workflow path to offer a one-stop solution’ and a single source for all the industry’s outsourced regulatory compliance needs. The subsequent acquisition of Desert Document Services and integration with VMP X4 for workflow and collaboration established a mortgage document prep powerhouse.” As a strategic partner to mortgage lenders, Wolters Kluwer Financial Services supports more of a lender’s transaction types across all of their business channels and throughout the credit creation lifecycle than any other compliance and technology services provider. Wolters Kluwer Financial Services’ expansive line of compliance content, documentation and analytics solutions, as well as the company’s professional services, are all designed to help mortgage professionals reduce regulatory compliance and operational risk, improve operational efficiencies, increase speed to market and grow revenue by closing loans more quickly and efficiently. More than 75 percent of all mortgages closed in the United States are documented with a Wolters Kluwer Financial Services solution and 90 of the top 100 lenders use one of the company’s compliance analytics solutions. “Wolters Kluwer Financial Services’ leading positions in the mortgage marketplace illustrate our ability to consistently deliver reliable and practical regulatory compliance and operational risk management solutions to mortgage lenders,” said Brian Longe, president and chief executive officer of Wolters Kluwer Financial Services. Longe added, “Our strong marketshare also gives us the opportunity to leverage the voice of our customers in developing new solutions to address their constantly evolving needs. By listening to them and drawing upon the experience and expertise behind our PCi, VMP, Desert Document Services and Bankers Systems product lines, Wolters Kluwer Financial Services will continue to provide mortgage lenders with innovative and trusted regulatory compliance solutions for years to come.” Mortgage professionals look to Mortgage Technology and the publication’s online components, Mortgage-Technonolgy.com and Mortgage Technology Newsletter to stay informed on the latest industry technology developments. Look for more information on why Mortgage Technology selected Wolters Kluwer Financial Services as the winner of its 2007 10X Award in the November issue of the magazine. About Wolters Kluwer Financial ServicesWolters 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®, CCH® Capital Changes, NILS INSource®, AuthenticWeb™ and CCH Wall Street®. Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and work flow 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 for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2006) of € 3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
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Jennifer Marso Director of Corporate Communications for Wolters Kluwer Financial Services 612.852.7912 Email Jennifer On Twitter: @JenniferMarso Charles Miller Senior Public Relations Specialist Banking, Mortgage, and Credit Unions 320.240.5457 Email Charles On Twitter: @CharlesWMiller Angela Peterson Senior Public Relations Specialist Securities, Insurance, and Indirect Lending 612.656.7745 Email Angela On Twitter: @AngiePeterson |