Wolters Kluwer introduces Web-based HMDA compliance solution.

Position:TechNewz - Home Mortgage Disclosure Act - Brief article

Wolters Kluwer Financial Services, Minneapolis, announced that its HMDA Wiz [R] software is now also available in an easy-to-use and cost-effective software-as-a-service (SaaS) format. More than 70 percent of Home Mortgage Disclosure Act (HMDA) loans submitted to regulators are processed through Wolters Kluwer Financial Services' Wiz solutions, according to the company.

Because HMDA Wiz is now available as an SaaS or cloud computing solution, institutions 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 institutions ensure their HMDA data are accurate and compliant at all times.

The solution also provides institutions with instant access to national geocoding. This means HMDA Wiz can grow with them as they expand their lending footprints into new states and regions, with no additional costs.

HMDA Wiz provides institutions with enterprisewide access to the solution on any operating system, allowing all...

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