At the end of forbearance periods required under the CARES Act, there will be a wave of borrowers requiring post forbearance workouts. Adding to the complexity is the need to maintain compliance with changing regulatory requirements. Document changes have also been required due to changes in investor and insurer loss mitigation programs. More changes are expected that will impact documents and compliance. Wolters Kluwer can help servicers prepare now to handle the wave of workouts.
Wolters Kluwer Expere Loss Mitigation supports forbearance documents required under the CARES Act, in addition to documents for all investor/insurer loss mitigation programs needed post-forbearance. Expere Loss Mitigation can provide your longer-term document needs with a robust and comprehensive set of dynamic documents supporting the entire loss mitigation process. The solution also supports coverage for state-level requirements that may impact documents.
Below are some of the loss mitigation document types you can leverage through our Expere Loss Mitigation solution:
Backed by Wolters Kluwer industry leading warranty, documents are continuously monitored and updated by a dedicated team of regulatory experts.
Leverage the Expere Document Portal (EDP) for batch processing to handle the high volumes without the need for a full integration to front-end systems.
Our Expere Loss Mitigation solution includes a complete library of documents supporting loss mitigation workflow. Our solution is able to support your longer-term compliant document needs when CARES Act post-forbearance volumes subside.
Supports the ability to leverage Expere tools for supplemental data capture.
Potential to utilize Wolters Kluwer print fulfillment services.
