Wolters Kluwer Financial Services

Press Release

Wolters Kluwer Financial Services Forms Strategic Alliance With Fidelity National Information Services
System Integration Will Help Servicers Quickly Implement Loan Modification Document Solutions Compliant With Investor Requirements

MINNEAPOLIS and JACKSONVILLE, Fla. – April 21, 2008 – Wolters Kluwer Financial Services and Fidelity National Information Services (NYSE:FIS) today announced plans to integrate Wolters Kluwer Financial Services’ loan modification document solutions and industry-leading compliance content into the loss mitigation module of Fidelity National Information Services’ Desktop platform. 

FIS Desktop is a robust work flow, document and expense management system that provides mortgage lenders, servicers and investors with powerful business management technology to help manage the entire post-origination loan cycle, from loan acquisition and boarding through loss mitigation and real estate-owned (REO) property disposition. The loss mitigation module is available to all servicers and is integrated with FIS’ industry-leading Mortgage Servicing Package (MSP) platform, as well as other servicing platforms.

With the integration of Wolters Kluwer Financial Services’ Desert Document Services repository of standardized documents into FIS’ Desktop solution, servicers will have the ability to automatically generate federal and state compliant documents on a nationwide basis. This will help them eliminate the need to maintain and track loan modification documents on a state-by-state basis to ensure ongoing regulatory and recording compliance. The integration will also enable servicers to customize loan modification documents and packages as needed. And the Desert Document Services platform’s robust change management capabilities will provide FIS’ servicing clients with rapid implementation of any document requirements driven by investors or regulatory agencies.

“We’re excited about the opportunity this new initiative with Fidelity National Information Services presents to servicers and their borrowers,” said Jason Marx, vice president and general manager, Mortgage, Wolters Kluwer Financial Services. “The complex array of investor requirements tied to loan modifications can sometimes slow servicers’ progress in helping their borrowers avoid foreclosure. By partnering with trusted providers such as Fidelity and Wolters Kluwer Financial Services, servicers can implement their loan modification programs rapidly and with the confidence that each transaction is compliant with investor and any future regulatory requirements.”

“We chose Wolters Kluwer Financial Services because of its compliance strength and ability to rapidly set up customized loan modification agreements and packages that meet investor requirements,” said Laura MacIntyre, chief operating officer for the FIS Desktop group. “They can support rapid implementations while minimizing compliance risk and that is critical to us and our customers.”

About Fidelity National Information Services

Fidelity National Information Services, Inc. (NYSE:FIS) is a leading provider of core processing for financial institutions; card issuer and transaction processing services; mortgage loan processing and mortgage-related information products; and outsourcing services to financial institutions, retailers, mortgage lenders and real estate professionals. FIS has processing and technology relationships with 40 of the top 50 global banks, including nine of the top 10.  FIS is a member of Standard and Poor’s (S&P) 500® Index and has been ranked the number one overall financial technology provider in the world by American Banker and the research firm Financial Insight in the annual FinTech 100 rankings. Headquartered in Jacksonville, Fla., FIS maintains a strong global presence, serving more than 9,000 financial institutions in more than 90 countries worldwide. For more information on Fidelity National Information Services, please visit www.fidelityinfoservices.com.

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® Mortgage Solutions, PCi, GulfPak, Desert Document Services®, AppOne®, GainsKeeper®, CCH® Capital Changes, NILS INsource®, AuthenticWeb™, Uniform Forms™, 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 globally for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America, and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.


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Jennifer Marso
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