Improve Your Loan Workflow with ComplianceOne™ and BankManager®

American Bank Systems (ABS) has partnered with Wolters Kluwer Financial Services to bring you BankManager® with ComplianceOne™.

BankManager integrates with ComplianceOne perfectly. Together they form a single platform to help you quickly and efficiently manage loans—from application and documentation to closing, reporting, and ongoing tracking.

ComplianceOne

ComplianceOne offers industry-leading compliance content, documentation, and data management capabilities to help ensure accurate documents and eliminate data redundancy throughout the lending process.

When a loan administrator initiates a loan, ComplianceOne prompts for data about the applicant, which is used to define the loan terms and amounts. It guides you through each phase of the process from application through closing.

ComplianceOne Features

• All applicant data is synchronized with the host system or core provider.
• Easy generation of a Quick Quote with an amortization schedule and applicable disclosures.
• Credit bureau pulls can be initiated simply with the applicant’s data leveraged throughout the process.
• Identity verification, Home Mortgage Disclosure Act (HMDA), and flood determination are easily assessable.
• Loan documents are automatically chosen and customized based on the bank’s overall policies.
• Signatures are captured electronically (or using traditional pen-on-paper method) at closing.
• Documents are seamlessly filed and tracked in BankManager’s document management system.

BankManager

The integration with BankManager is seamless. A comprehensive document tracking and management solution, BankManager provides superior collateral and exception tracking, while enhancing loan supervision.

When documents are transferred to BankManager, the system automatically sets up tracking for each piece of loan collateral each with their own renewal cycle. It has an image document repository with pre-defined loan folders where document types are logically organized into the common loan subfolders.

BankManager Features

• Enhanced Customer Information File (CIF) is automatically updated through a routine downloads from the host system.
• Multiple collateral types each with its own date and document requirements for effective collateral and exception tracking.
• Easy navigation and search functions help you locate clients and view loan documents, collateral, and policy exceptions quickly.
• Robust and flexible exception reporting that provide detailed or summary information.
• Various reports are available to help senior management and board members understand the status of their assets.
• Snapshot capabilities allow client file information to be exported easily for examiner review.
• A customer identification process helps you meet the special requirements of the USA PATRIOT Act.

Together, ComplianceOne and BankManager offers you one integrated solution to help you more effectively and efficiently manage lending compliance and workflow. View our downloadable ComplianceOne | BankManager solution brief (PDF 1MB) or contact an Account Representative to learn more.