WKFS Updates Document Platform with Preforeclosure Files
Wolters Kluwer Financial Services announced today that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company’s residential mortgage preforeclosure compliance content.
Using DocOne’s user interface, servicers can select and complete the documents they need to help build a case file that complies with state and federal regulations before foreclosing upon a property. These include breach notices, notices of default, notices of intent to foreclose and state-specific preforeclosure notices.
Minneapolis-based Wolters Kluwer hosts the platform, which also enables servicers to outsource printing and mailing.
“With many servicers currently managing their pre-foreclosure content templates on network drives, DocOne helps reduce version and access control risks associated with that practice,” Art Tyszka, Wolters Kluwer’s director of default servicing, said in a press release.
“With DocOne, servicers can be confident their default servicing specialists can consistently access the compliant documents they need in the preforeclosure process.”