Wednesday , 20 January 2021

Wolters Kluwer to Acquire eOriginal

Wolters Kluwer Governance, Risk & Compliance (GRC) is acquiring digital lending software provider eOriginal for approximately €231 million in cash.

The acquisition extends GRC Compliance Solutions’ leading position in U.S. mortgage and loan document generation and analytics into the fast-growing digital loan closing and storage adjacency.

eOriginal has more than 650 customers in the U.S., including banks, mortgage lenders, consumer lenders, and auto and equipment finance lenders.

The eOriginal platform enables lenders and their partners to create, store and manage digital assets from close through to the secondary loan market.

GRC’s Compliance Solutions business has had a strategic partnership with eOriginal since 2016, which allows the integration of eOriginal’s electronic vaulting and closing software with Expere.

The offerings of eOriginal and GRC Compliance Solutions are highly complementary and together will form an industry leading end-to-end digital lending platform.

“Borrower preferences, competition among lenders, and changing regulations are driving increased digitization of the lending workflow,” says Steven Meirink, Executive Vice President and General Manager, Compliance Solutions, Wolters Kluwer GRC, in a release. “eOriginal is well-positioned to take advantage of these systemic trends. The acquisition positions us as the leading provider of digital lending solutions, spanning all workflows from loan approval, to document preparation and closing, with compliance certainty.”

The post Wolters Kluwer to Acquire eOriginal appeared first on MortgageOrb.

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