The new Home Mortgage Disclosure Act (HMDA) data collection rules have been finalized, and U.S. lenders face yet another significant challenge. Wolters Kluwer's annual “Regulatory & Risk Management Indicator” survey of banks highlights some of lender’s greatest concerns regarding the new HMDA rules.
Partner Contact: Matt Haupert
All NAFCU members receive 1st year license fee discounts of 10% on consumer and member business lending and deposit electronic solutions and 5% on consumer and member business paper lending and deposit documents.
Your credit union can save time and money with a trusted provider that understands your compliance, management, and business needs. These are just some of the benefits you gain when you work with us for your compliance and workflow needs:
ComplianceOne helps credit unions comply with the unique documentation requirements tied to consumer and business-related lending and deposit transactions. The solution provides access to a wide range of lending and deposit-related functionalities, allowing credit unions to choose and activate the ones they need, when they need them. Some of the more in-demand functionalities include dynamic documents, imaging, e-signatures, bar-coding and credit bureau access. Offering credit unions enterprise-wide access to member information, ComplianceOne also allows credit union staff to open new loans and accounts and complete transactions quickly through the solution's common database structure. For more information on ComplianceOne, click here.
ARTA® Lending Documentation System – Simple, easy-to-use software that can help you get started in consumer and business lending, as well as support your agricultural and residential real estate loans using one documentation platform.
TSoftPlus™ Small Business Administration (SBA) lending solution – Originate SBA loans more rapidly and efficiently while meeting all SBA program guidelines and regulatory requirements. Learn more at www.wolterskluwerFS.com/TSoftPlus.
Paper documentsConsumer Deposit and Lending Paper Documents to include:
Commercial Deposit and Lending Paper Documents to include:
Click here to view lending sample documents and click here to view deposit sample documents.
If interested in learning more about any of these products and services, contact Wolters Kluwer Financial Services.
For TILA-RESPA changes, our experts have identified over 400 regulatory citation changes that impact credit unions’ documents, processes, policies and procedures in order to meet requirements (see TILA RESPA Resource Center). Our proactive approach not only helps ensure that credit unions will be in compliance, but are positioned to make the right decisions with confidence so they can focus on growing their businesses safely and profitably.
Inside this issue:
What’s On the Horizon in Compliance? – Our Quarterly Look Ahead; What Lenders Need to Know About Qualified Mortgage/Ability to Repay and Qualified Residential Mortgage; Changes to Servicing Documents under TILA/Reg Z; An Introduction to Loss Mitigation; When An IRA Owner Passes Away - What’s Next? : QM/ATR Tool Kit.
Inside this issue:
Compliance tips and checklists for credit unions, including Managing Compliance in an Increasingly Competitve Market
Articles, Ability to Repay/QM Update, and Fair Lending Checklist for Lenders
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MINNEAPOLIS – (February 14, 2012) – Wolters Kluwer Financial Services announced today that Honda Federal Credit Union (Honda FCU) has selected the company to help update its master disclosure document quickly and in compliance with state and federal requirements.