The Independent Community Bankers of America (ICBA) and Wolters Kluwer Financial Services have joined forces to help participating financial institutions reduce regulatory compliance and operational risk, improve operational efficiencies, increase speed-to-market and grow revenue by closing loans more quickly and efficiently.
‘With far less competition than a year ago, and increased demand from customers, many community banks are well positioned to pursue what will likely be the most aggressive expansion of their mortgage business in more than a decade,’ says Dan Clancy, ICBA senior vice president of services.
‘As they do so, however, these banks must keep in mind the critical compliance and operational risks that accompany such growth,’ he continues. ‘By teaming up with Wolters Kluwer Financial Services, we're giving our members the ability to thoroughly manage this risk while building more profitable home loan portfolios.’
Under the terms of an expanded Preferred Service Provider relationship, Wolters Kluwer Financial Services will provide ICBA member banks with access to several Wolters Kluwer Financial Services solutions.
Source: Wolters Kluwer Financial Services