Wolters Kluwer Financial Services will move its SDX Secure Document Exchange service to the cloud to help mortgage lenders make the secure, electronic delivery of mortgage compliance documents to borrowers faster, easier, and more efficient. SDX’s new cloud-based environment is hosted by NaviSite Inc., a 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 esigning 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 increasing memory space, bandwidth, or additional servers to help accommodate large spikes in lending volumes becomes quick and simple.
 
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 borrower data will remain safe.

http://www.wolterskluwer.com/Press/Latest-News/2011/Pages/30nov1.aspx