Magazine article Mortgage Banking

Alabama Bankers Association Endorses Wolters Kluwer for Compliance

Magazine article Mortgage Banking

Alabama Bankers Association Endorses Wolters Kluwer for Compliance

Article excerpt

Wolters Kluwer Financial Services, Minneapolis, announced that the Alabama Bankers Association (ABA) now endorses the company's mortgage lending compliance solutions. Wolters Kluwer Financial Services provides financial institutions with a complete library of mortgage lending compliance documents, disclosures and consumer education materials through several formats.

Each of Wolters Kluwer Financial Services' mortgage compliance documentation solutions has been designed to help institutions reduce regulatory compliance and operational risk, improve operational efficiencies, increase speed-to-market and grow revenue by closing loans more quickly and efficiently. The company's mortgage compliance solutions that the ABA now endorses include:

* Document Preparation solution, which interfaces with a financial institution's existing loan origination system to access borrower data, populating the information into Wolters Kluwer Financial Services' compliance documents and disclosures. Each document is built upon the regulatory risk-management expertise and experience behind the company's VMP Mortgage Solutions brand, and helps an institution ensure compliance with all regulatory and investor requirements.

* Print Forms, featuring compliance content that lenders rely upon to meet regulatory requirements in all 51 U.S. jurisdictions, as well as investor guidelines.

* Secure Document Exchange (SDX), a secure electronic communications tool that allows lenders to deliver documents to borrowers for eSignature or eConsent, and provides the option of completely and securely outsourcing the printing and mailing of paper disclosure documents when needed via a mail fulfillment center. …

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