Wolters Kluwer Compliance Solutions has launched its OmniVault for Real Estate Finance solution. OmniVault for Real Estate Finance uses the company's industry-leading, multi-award winning eVault technology to support digital home equity lending, both HELOCs and home equity loans, in addition to already supported conventional, U.S. government and jumbo first mortgages. Banks and credit unions are stepping up their efforts to grow their home equity businesses now that interest rate increases have made cash-out-refinancing less attractive to millions of U.S.-based homeowners.

Wolters Kluwer's technology enables these institutions to originate digital HELOCs as a Digital Original®, rather than just a PDF or a paper document. When a HELOC is created within the OmniVault for Real Estate Financeoffering, it establishes the Digital Original® of the HELOC, ensuring verifiable ownership and control, and enabling the sale, transferability, pledging, syndication and securitization of these digital assets. The offering includes a digitally sealed audit trail providing an irrefutable chain of custody and evidence for the digital assets.

Wolters Kluwer's proprietary technology has over 20 years of proven success and supports both Mortgage Electronic Registrations Systems and non-MERS eRegistry transactions. Like Wolters Kluwer mortgage eNotes, digital HELOCs can be stored, managed and easily transferred in and out of an eVault on a single platform. The OmniVault Real Estate Finance solution provides clients with the same user experience and visibility across all asset classes.

With Wolters Kluwer's Rapid Deployment Solution (RDS), lenders can be using its platform for HELOCs within two weeks. Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. insurers, banks, credit unions and securities firms. The business, which sits within Wolters Kluwer's Governance, Risk & Compliance division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business. Wolters Kluwer's GRC division provides an array of expert solutions to help financial institutions manage regulatory and risk obligations.

Wolters Kluwer Compliance Solutions' OneSumX for Regulatory Change Management tracks regulatory changes and organizes them to create structured, value-added content through a single data feed that is paired with an easy-to-use software solution. Compliance Solutions' iLien Motor Vehicle provides for the processing and management of motor vehicle titles and liens, helping solve the most unique and complicated challenges in title perfection. Wolters Kluwer Finance, Risk & Regulatory Reporting, meanwhile, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

The division's legal solutions businesses are Wolters Kluwer CT Corporation and Wolters Kluwer ELM Solutions.