Automate your HMDA requirements with ComplianceOne

ComplianceOne
Automate
Automate your
your HMDA
HMDA requirements
requirements with
with ComplianceOne
ComplianceOne
HMDA
™
What
What does
does
itit do?
do? your HMDA requirements with ComplianceOne
Automate
HMDA
Our
OurWiz®
Wiz®Basic
Basicsolution
solutionworks
workswith
withComplianceOne
ComplianceOneto
tooffer
offeryou
youaaseamless
seamlessautomation
automationof
of
your
yourHome
HomeMortgage
MortgageDisclosure
DisclosureAct
Act(HMDA)
(HMDA)requirements,
requirements,eliminating
eliminatingthe
theneed
needfor
formanual,
manual,
back-office
back-officeHMDA
HMDAdata
datagathering
gatheringand
andreporting
reportingrequirements
requirementsfor
forquarterly
quarterlyLoan
LoanApplication
Application
Whatand
does
it do? filings.
Register
Register(LAR)
(LAR)
and
year-end
year-end
filings.
Our Wiz® Basic solution works with ComplianceOne to offer you a seamless automation of
�� Captures
Captures
applications
applications
forreal
realestate
estate
loans
loans
and
anddata
dataprocess
processthem,
them,
to:
to:for manual,
your Home
Mortgage for
Disclosure
Act (HMDA)
requirements,
eliminating
the need
back-office HMDA data gathering and reporting requirements for quarterly Loan Application
–– Geocode
Geocode
property
propertyinformation
information
Register (LAR) and year-end filings.
–– Perform
Perform
rate
rate
spread
spread
analysis
analysis
(CD,
index,
etc.)
etc.)
� Captures applications
for real(CD,
estateindex,
loans and
data process them, to:
–– Gather
Gather– census
census
information
(race,
(race,location,
location,etc.)
etc.)
Geocodeinformation
property information
– Perform
rate spread
analysis (CD, index, etc.)
–– Conduct
Conduct
post-closing
post-closing
analysis
analysis
– Gather census information (race, location, etc.)
�� Creates
Createsand
submits
submits
clean,
clean,accurate,
accurate,and
andreadily
readilyavailable
availablereports
reportsthat
thatcomply
complywith
with
–and
Conduct
post-closing
analysis
HMDA
HMDAreporting
reportingrequirements
requirements
� Creates and submits clean, accurate, and readily available reports that comply with
HMDA
reporting
requirements
�� Helps
Helpsyour
your
HMDA
HMDA
Officer
Officer
proactively
proactivelymonitor
monitorand
andanalyze
analyzeregulatory
regulatoryrisks
risks
� Helps your HMDA Officer proactively monitor and analyze regulatory risks
Administration
The HMDA tabs allow
you to calculate and capture
Rate Speed,The
Geocoding,
The
HMDA
HMDAtabs
tabsallow
allow
Origination/Disposition,
you
youto
tocalculate
calculateand
andcapture
capture
and Government
RateSpeed,
Speed,Geocoding,
Geocoding,
MonitoringRate
information.
Origination/Disposition,
Origination/Disposition,
and
andGovernment
Government
Monitoring
Monitoringinformation.
information.
See reverse side for more information.
See
Seereverse
reverseside
sidefor
formore
moreinformation.
information.
e-Signature
What’s in it for you?
HMDA reporting organizations can eliminate the need to spend labor-intensive hours tracking
LAR data on a spreadsheet, gathering outside information, and then manually updating reports
after the loan is complete. Instead, integration of the HMDA functionality in ComplianceOne
automates HMDA report gathering for your loan officer, so these requirements can be met as
the loan is being processed—saving your staff time and effort on the back end.
And, your HMDA Officer can further consolidate HMDA reportable loans from other source
systems with the ComplianceOne HMDA loans for year-end filings and regulatory risk analysis.
How can you get it?
The HMDA
HMDAfunctionality
functionalityofof
ComplianceOne
an add-on
feature,
andbecan
be requested
The
ComplianceOne
is anis add-on
feature
and can
requested
at the at the
time
or or
at aatlater
datedate
when
youryour
organization
is ready
for for
time of
ofComplianceOne
ComplianceOneimplementation,
implementation
a later
when
organization
is ready
its functionality.
functionality.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services’ solutions include integrated and stand-alone compliance and
workflow tools, documentation, analytics, authoritative information, and professional services.
About Wolters
Kluwer
Services
Customers
include banks,
creditFinancial
unions, mortgage
lenders, and securities and insurance
organizations
of all
sizes throughout
United States.
more information
on Wolters
Kluwer and
Wolters Kluwer
Financial
Services’the
solutions
includeFor
integrated
and stand-alone
compliance
Financial
Services,
visit
www.WoltersKluwerFS.com.
workflow tools, documentation, analytics, authoritative information, and professional services.
Customers include banks, credit unions, mortgage lenders, and securities and insurance
organizations of all sizes throughout the United States. For more information on Wolters Kluwer
Financial Services, visit www.WoltersKluwerFS.com.