The ""Texas Bankers Association"":http://www.texasbankers.com/ (TBA), the largest and oldest state banking association in the nation, has expanded its endorsement of ""Wolters Kluwer Financial Services’"":http://www.wolterskluwerfs.com/ regulatory compliance and risk management solutions to include several of the company’s mortgage compliance documentation solutions.
Lenelle Freeman, EVP, TBA, explained, ""The combination of low interest rates and new or enhanced government lending programs presents banks with a number of new business opportunities and better ways to serve their customers. At the same time, state and federal lending regulations are likely to become even stricter. It makes perfect sense for banks to partner with a trusted compliance provider like Wolters Kluwer Financial Services to manage regulatory risk more efficiently while growing their business.""
_+The TBA has endorsed the following solutions from Wolters Kluwer:+_
- Document Services Platform, a mortgage document preparation and secure delivery platform that can interface to most Loan Origination Systems
- Print Forms, featuring VMP Mortgage Solutions compliance content, which meets regulatory requirements in all 51 U.S. jurisdictions as well as investor guidelines
- Secure Document Exchange (SDX), an electronic communications tool that allows lenders to deliver documents to borrowers for e-signature or e-consent and provides the option of outsourcing the production and dissemination of paper documents
- Government Lending Services, to enter Federal Housing Administration (FHA) and Veterans Administration (VA) loan markets with license support, warranted compliance documents, audit compliance and quality control plans, and staff training
- StateLink, a Web-based compliance tool that provides up-to-date regulatory information for all 51 jurisdictions
Besides Wolters Kluwer Financial Services’ mortgage compliance documentation solutions, the TBA has also endorsed the company’s PCi compliance analytics solutions to help its members address fair and anti-predatory lending requirements, including Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA) obligations.
""Many banks are seeing the demand for home loans rise dramatically as more and more borrowers look to refinance in the current rate environment,"" said Jason Marx, VP and general manager of the mortgage division at Wolters Kluwer Financial Services.
Marx continued, ""The bottom line is banks are extremely busy serving the needs of their customers and growing their business within one of few bright spots in this tough economic environment. Wolters Kluwer Financial Services compliance documentation solutions can help them do both quickly, while ensuring they manage risk effectively.""