Wolters Kluwer has launched a new loan processing system that creates intelligent and compliant, end-to-end loan origination workflows.
The solution solution, Vanceo Mortgage, is designed to assign role-based tasks and enhance visibility for an institution’s mortgage lending operations and compliance management.
It takes a user-centric approach to compliance by providing lenders with intuitive dashboards and intelligence that help narrow in on critical action items. This allows financial institutions to address potential issues earlier, faster, and strengthen customer relationships according to company. As a result, Vanceo Mortgage provides a streamlined, efficient and highly intuitive compliance management for both lenders and consumers.
“Financial institutions need solutions that are more intuitive and aligned with their business processes to meet consumer and regulator expectations,” said Samir Agarwal, Vice President of Wolters Kluwer GRC Banking Solutions. “We embarked on a journey to solve customer needs with their voice as the driver. Vanceo Mortgage delivers unprecedented value to lenders by enabling compliance, while improving their productivity, speed-to-close, and consumer experience.”
Vanceo Mortgage eliminates the need for tracking in multiple systems the status and information on any transaction through its ability to create both systematic and manual process checkpoints.
It provides transaction and task information, allows for easy navigation to loan-level details, providing detailed notes for any transaction in progress, and enables users to readily view and focus in on highest-priority tasks and actions required to keep the transaction pipeline and portfolio moving forward. The solution also features one, centralized database with easy access to address inquiries on any loan in either an open or closed state.
The Land Bank of Taiwan’s Singapore Branch recently partnered with Wolters Kluwer to enhance its regulatory reporting. The bank said it has chosen the RegTech’s OneSumX for Regulatory Reporting to provide its regulatory reporting software.
Earlier this week, Bank of Beirut tapped Wolters Kluwer to manage International Financial Reporting Standard (IFRS) 9, while Belgium-based bpost bank partnered with the RegTech for AnaCredit and regulatory reporting. Wolters Kluwer also recently partnered with Numerated, a FinTech company providing real-time lending and growth automated.
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