Combining its needs for both document sharing and cloud computing, Wolters Kluwer Financial Services recent deployed a new solution that will allow for easier access to information in a secure manner.
With the new document protection solution, mortgage lenders can transmit compliance documents to borrowers much faster and more efficiently than ever before, according to the firm.
"Wolters Kluwer Financial Services' [document solution] makes it convenient and secure for lenders to send origination and closing documents to borrowers," the company stated. "It does so by delivering documents in minutes electronically versus the days it would take by mail."
Furthermore, the company said the new solution will allow mortgage lenders to save on the costs of printing and mailing such documents, as they now can be transmitted instantly.
"It's part of our continued strategy to provide our customers with innovative solutions to their most pressing … challenges," Wolters Kluwer vice president Jason Marx said.
More companies are expected to invest in such solutions moving forward, according to researchers at IDC. A new report from the firm stated that the market for document solutions will reach $55 billion by 2015.