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.
