Adobe and Wolters Kluwer Financial Services Team to Deliver Mortgages Electronically.Companies to Enable Lenders to Secure and Streamline Mortgage Processes in PDF (Portable Document Format) The de facto standard for document publishing from Adobe. On the Web, there are countless brochures, data sheets, white papers and technical manuals in the PDF format. SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. & MINNEAPOLIS -- Adobe Systems Adobe Systems Incorporated (pronounced a-DOE-bee IPA: /əˈdoʊbiː/) (NASDAQ: ADBE) (LSE: ABS) is an American computer software company headquartered in San Jose, California, USA. Incorporated (Nasdaq:ADBE ADBE Adobe Systems, Inc. (stock symbol) ) and Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) 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, and education sectors. Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. today announced an agreement to provide lenders with a new option for delivering mortgages electronically. With this agreement, the companies will work together to provide integration between Wolters Kluwer Financial Services Expere[R] Integrated Enterprise (IE) solution and Adobe[R] LiveCycle[R] interactive process management software. The Expere IE solution serves as a central repository for the multitude of data comprising a mortgage institution's documents. When data is added, deleted, or changed in the repository, appropriate updates are automatically made to all of the documents--allowing an institution to use a single document library instead of multiple ones. Wolters Kluwer Financial Services plans to deliver its Expere IE content with support for PDF. The combination of Expere IE content and LiveCycle will help lenders streamline the steps of mortgage sourcing, origination, processing and servicing; and enable them to customize, deliver and digitally sign mortgage forms quickly. This new solution is expected to reduce document errors and the costs associated with printing, and improve overall customer satisfaction as the time for processing mortgages is reduced. Additionally, new guidelines from MISMO MISMO Mortgage Industry Standards Maintenance Organization MISMO Maintenance Interservice Support Management Office , for electronically signing PDFs, and MERS MERS Municipal Employees Retirement System (Michigan) MERS Mortgage Electronic Registration System MERS Microwave Earth Remote Sensing (Laboratory, Brigham Young University) MERS Mobile Emergency Response Support (Mortgage Electronic Registration Systems), for registering loans via PDF, are helping to ensure that the electronic mortgage processes can be completed in a consistent and standardized fashion. "Partnering with Adobe enables us to give lenders access to trusted compliance content, based on legislative and regulatory requirements from all 51 U.S. jurisdictions, in PDF," said John Bryant, executive vice president of Banking and Mortgage for Wolters Kluwer Financial Services. "Lenders now have even more flexibility in selecting the tools that work best for their businesses." "The amount of paperwork involved in a mortgage is immense, and the content of loan documents can vary depending on the state or county," said Eugene Lee, vice president of vertical and solutions marketing at Adobe. "The mortgage industry is increasingly embracing the benefits of PDF. By working with Wolters Kluwer Financial Services we are helping lenders to provide a seamless and secure PDF workflow process that saves time and reduces errors." About Wolters Kluwer Financial Services Wolters 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 VMP Vampire VMP Validation Master Plan VMP Value of Marginal Product VMP Veterinary Medicinal Product VMP Veterans Memorial Park VMP Variable Message Panel VMP Value Management Program VMP Vector Map Product VMP Vacuum Metallised Pigment [R] Mortgage Solutions, PCi, GainsKeeper[R], CCH CCH Colegio de Ciencias y Humanidades (Spanish) CCH Certified Clinical Hypnotherapist CCH Cook County Hospital CCH Certified in Classical Homeopathy CCH Country Club Hills (Fairfax City, VA, USA) [R] Capital Changes, NILS INSource[R], AuthenticWeb[TM], CCH Wall Street and GulfPak. 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, 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 Financial Services is a unit of Wolters Kluwer, a leading global information services See Information Systems. and publishing company with annual revenues (2005) of [euro]3.4 billion and approximately 18,400 employees worldwide. For more information, visit www.wolterskluwer.com. About Adobe Systems Incorporated Adobe revolutionizes how the world engages with ideas and information - anytime, anywhere and through any medium. For more information, visit www.adobe.com. [c] 2007 Adobe Systems Incorporated. All rights reserved. Adobe, LiveCycle and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners. |
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