Wolters Kluwer Financial Services can help you manage your lending process more efficiently. From front-end policy development and selling through back-end reporting and tracking, our solutions address your needs throughout the lending cycle.
Our lending solutions support consumer (direct and indirect), commercial/business, residential real estate, agricultural, adjustable rate mortgages, home equity, and Small Business Administration (SBA) loans.
We deliver our lending solutions in a variety of formats—including software, electronic, and paper. And, to further support your lending operations, we offer training solutions to help educate your staff and keep you in compliance.
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Developing, maintaining, and updating your lending policies, procedures and compliance is a vital part of your operations. |
Employees who are properly trained can help your institution comply with policies and procedures. |
Respond to the needs of both existing and potential account owners as you begin the deposit account process. |
Gather the basic information needed to initiate the transaction. |
At this step, the proper loan application must be completed and the applicant needs proper disclosure information. |
Verifying data and loan security information is an ever increasing necessity in opening a loan account. |
The underwriter/loan officer may require additional explanations or information from the applicant for evaluation and decision-making. |
Collecting, recording, and storing all the documentation for establishing a loan account helps you remain in compliance. |
After documentation, the information and/or documentation is forwarded to the appropriate departments to be closed and booked. |
Additional reporting may be required in order to comply with the regulations. |
Your new account owners will need payment information to help them stay current in repaying their loan. |
Until the loan is paid in full, the reporting of payment history to credit agencies and providing your borrower with information is an ongoing task. |
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