""Wolters Kluwer Financial Services"":http://www.wolterkluwerfs.com announced Tuesday that the ""Alabama Bankers Association"":http://www.alabamabankers.org (ABA) has endorsed the company’s mortgage lending compliance solutions.
The company explained that its mortgage compliance documentation solutions help institutions reduce regulatory and operational risk, increase speed-to-market, and close loans more efficiently.
In addition to Wolters Kluwer Financial Services’ mortgage compliance documentation solutions, the ABA has also endorsed the company’s 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.
Dan Bailey, CEO of the ABA, said, ""As community banks look to grow their mortgage business in today’s marketplace, the number of compliance and operational risks they’ll face will also grow. Partnering with an experienced provider of risk management solutions like Wolters Kluwer Financial Services can help them manage these new challenges more efficiently than if they tried to do so on their own.""
The Alabama Bankers Association is the latest banking organization to endorse Wolters Kluwer Financial Services’ mortgage compliance solutions, joining the Independent Community Bankers Association and the Texas Bankers Association.