Author and reverse mortgage authority Atare E. Agbamu joins AdvisorNet Mortgage LLC
ICBA partners with Wolters Kluwer Financial ServicesMortgagePress.comICBA, Wolters Kluwer Financial Services, Independent Community Bankers of America, Dan Clancy, FHA, HMDA, CRA As the number of people turning to their local community bank for a home loan grows, the Independent Community Bankers of America (ICBA) and Wolters Kluwer Financial Services have joined forces to help ICBA members better embrace this opportunity. Wolters Kluwer Financial Services' complete suite of mortgage lending solutions can help financial institutions reduce regulatory compliance and operational risk, improve operational efficiencies, increase speed-to-market and grow revenue by closing loans more quickly and efficiently. "With far less competition than a year ago, and increased demand from customers, many community banks are well positioned to pursue what will likely be the most aggressive expansion of their mortgage business in more than a decade," said Dan Clancy, ICBA senior vice president of services. "As they do so, however, these banks must keep in mind the critical compliance and operational risks that accompany such growth. By teaming up with Wolters Kluwer Financial Services, we're giving our members the ability to thoroughly manage this risk while building more profitable home loan portfolios." Under the terms of an expanded Preferred Service Provider relationship, Wolters Kluwer Financial Services will provide ICBA member banks with access to the following Wolters Kluwer Financial Services solutions: Document Services Platform, a robust mortgage document preparation and secure delivery platform that can interface to most Loan Origination Systems; Paper documents, featuring VMP Mortgage Solutions compliance content that lenders have relied upon to meet regulatory requirements in all 51 U.S. jurisdictions for more than 30 years; Secure Document Exchange (SDX), a secure electronic communications tool that allows lenders to deliver documents to borrowers for e-signature or e-consent and provides the option of completely and securely outsourcing the printing and mailing of paper documents when needed via a SAS 70-certified mail fulfillment center; Government Lending Services that can help institutions quickly enter Federal Housing Administration (FHA) and Veterans Administration (VA) loan markets with license support, warranted compliance documents, audit compliance and quality control plans, and comprehensive staff training; and StateLink, a Web-based compliance tool that provides up-to-date regulatory information for all 51 jurisdictions in plain language format as well as links to the actual regulations. In addition, Wolters Kluwer Financial Services also offers ICBA members access to the company's PCi compliance analytics solutions to help them address fair and anti-predatory lending requirements, including Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) obligations. "Community banks have turned to Wolters Kluwer Financial Services as a trusted provider of regulatory compliance solutions through our company's Bankers Systems, PCi and VMP Mortgage Solutions brands for more than 50 years," said Jason Marx, vice president and general manager of Wolters Kluwer Financial Services' Mortgage business. "They can be confident our comprehensive line of mortgage lending compliance solutions will help them rapidly expand their mortgage business while meeting regulatory requirements in all 51 U.S. jurisdictions." ICBA's Preferred Service Provider relationship with Wolters Kluwer Financial Services also includes several of the companys other solutions, including its Red Flag Rules solutions, ARTA Lending, ARTA Deposit, ComplianceOne, CRA Wiz, Fair Lending Wiz, HMDA Wiz, IRA Management Center, Rembrandt Lending, Wiz Sentinel, Wiz Sentri: Case Officer and Wiz Sentri: Transaction Monitor, in addition to pre-printed and electronic documents for lending, deposit and IRA. For more information, visit www.WoltersKluwerFS.com.