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Wolters Kluwer HMDA Wiz
Recent enforcement actions and fines by regulators reinforce the need for financial institutions to more effectively manage and submit accurate, compliant Home Mortgage Disclosure Act data. Wolters Kluwer Financial Services’ HMDA Wiz automates data collection, verification and certification without increasing loan processing time. Now available in a software as a service (SaaS) format, HMDA Wiz offers banks an innovative approach to ramping up HMDA compliance:
- Banks can begin using it to collect, report on, analyze and submit HMDA data to their regulator almost immediately.
- Wolters Kluwer Financial Services updates HMDA Wiz as regulatory, geocoding and rate spread changes occur, helping banks ensure their HMDA data is accurate and compliant at all times.
- The solution provides banks with instant access to national geocoding, meaning HMDA Wiz can grow with them as they expand their lending footprints into new states and regions without any additional costs.
- Requiring no installation, the fully hosted solution reduces the cost of ownership and maintenance while increasing access and usability. HMDA Wiz provides banks with enterprise-wide access to the solution on any operating system, allowing all departments within the institution to take part in controlling HMDA data quality.
- HMDA Wiz can capture transactional data from within Wolters Kluwer Financial Services’ ComplianceOne documentation software solutions to help ensure HMDA data from all channels is centrally managed and accurate.
- The solution integrates easily with loan origination systems, simplifying banks’ workflow.
Wolters Kluwer Financial Services
www.wolterskluwerfs.com