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CommentsMINNEAPOLIS – Wolters Kluwer Financial Services announced today the company is moving its SDX Secure Document Exchange service to the Cloud to help lenders make the secure, electronic delivery of mortgage compliance documents to borrowers even faster, easier and more efficient. SDX’s new Cloud-based environment is hosted by NaviSite, Inc., a premier provider of secure enterprise-class Cloud computing services.
Wolters Kluwer Financial Services’ SDX service makes it convenient and secure for lenders to send origination and closing documents to borrowers. It does so by delivering documents in minutes electronically versus the days it would take by mail and provides borrowers with the option of securely e-signing and returning documents directly to lenders through SDX. Additionally, SDX allows lenders to reduce the costs of printing, fulfillment and mailing versus the traditional manual, labor-intensive paper-based document delivery process.
In moving to NaviSite’s Cloud-based environment, Wolters Kluwer Financial Services is increasing the scalability and redundancy the SDX service offers lenders to help manage their changing compliance and workflow needs even further. And because SDX is now hosted within a Cloud environment, adding processing power to the service such as adding memory space, bandwidth or additional servers to help accommodate large spikes in lending volumes is now as simple and quick as moving a dial.
The SDX service will be hosted in the Cloud between two NaviSite data centers that will each securely house lenders’ borrower data. That redundancy coupled with the fact that NaviSite’s SSAE 16-compliant data centers meet the highest security standards for cloud-enabled data and application integrity means lenders can rest assured borrower data will remain safer than ever with SDX.
“We are excited that Wolters Kluwer Financial Services has selected our cloud platform for its secure document exchange service,” said Allen Allison, chief security officer, NaviSite. “NaviSite provides a comprehensive security and compliance framework for organizations looking to leverage the speed and efficiencies of managed cloud services for their critical applications and data.”
“By moving SDX to a Cloud-based environment, we’re helping lenders realize even more efficiencies while making borrower data even more secure within the origination process,” said Art Tyszka, director of Mortgage Document Services with Wolters Kluwer Financial Services. “It’s part of our continued strategy to provide our customers with innovative solutions to their most pressing compliance and business challenges.”
For more information on SDX, please visit www.WoltersKluwerFS.com/SDX
About NaviSite
NaviSite, Inc., a Time Warner Cable Company, is a leading worldwide provider of enterprise-class, cloud-enabled hosting, managed applications and services. NaviSite provides a full suite of reliable and scalable managed services, including Application Services, industry-leading Enterprise Hosting, and Managed Cloud Services for organizations looking to outsource IT infrastructures and lower their capital and operational costs. Enterprise customers depend on NaviSite for customized solutions, delivered through a global footprint of state-of-the-art data centers. For more information about NaviSite’s services, please visit www.navisite.com.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services is a comprehensive regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise. The organization’s prominent brands include: FRSGlobal, ARC Logics for Financial Services, PCi, Compliance Resource Network, Bankers Systems, VMP® Mortgage Solutions, AppOne®, GainsKeeper®, Capital Changes, NILS, AuthenticWeb™ and Uniform Forms™. Wolters Kluwer Financial Services supports its global customers with more than 30 offices in 20 countries and is a leading worldwide provider of compliance and risk management solutions for the financial services industry, serving more than 15,000 banking, insurance and securities customers across the globe. Wolters Kluwer Financial Services is part of Wolters Kluwer, a leading global information services and publishing company with annual revenues of (2010) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website for more information.
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