Wolters Kluwer Financial Services Launches New HMDA Resource Center

Site Offers Guidance on Addressing Significant Regulatory Changes

MINNEAPOLIS--(BUSINESS WIRE)-- Wolters Kluwer Financial Services has launched a new online resource center designed to help lenders better prepare for the release of the Home Mortgage Disclosure Act final rule that is anticipated late-summer 2015. With these changes being widely characterized as the most significant modifications to the HMDA regulations in 35 years, the final rule is expected to present additional compliance challenges for lenders.

The HMDA Resource Center provides lenders with useful tools for further understanding the HMDA regulations, as well as resources to keep them current with new information as it emerges. The website also offers access to the solutions and compliance services that lenders will need to help manage the wide array of challenges presented by the HMDA requirements.

More specifically, the HMDA Resource Center includes:

• HMDA Readiness Project Plans – Downloadable planning worksheets will help lenders evaluate the impact of the new HMDA regulations on every part of their organization to identify strengths, gaps and weaknesses;
• HMDA Plan Implementation Sequence – An organized map of steps to follow and questions to answer will help optimize lenders’ implementation approach;
• Solutions and Consulting Services – Collateral and videos highlight how Wolters Kluwer Financial Services products and services can support organizations with their HMDA reporting;
• News and Articles – Latest industry updates about the HMDA regulations.

“A critical component to understanding the scope and complexity of the new rule is having access to information,” said Tim Burniston, executive vice president, Risk & Compliance Consulting Practice, Wolters Kluwer Financial Services. “Lenders need a trusted source to turn to, and the tools available in our HMDA Resource Center will help them not only determine the potential impacts to their business, but provide industry best practices for addressing these significant regulatory changes more effectively.”

For more information, please visit Wolters Kluwer Financial Services’ HMDA Resource Center.

About Wolters Kluwer Financial ServicesWolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 170 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150812005043/en/

Wolters Kluwer Financial Services
David Feider, 612-852-7966
Corporate Communications Manager
[email protected]
On Twitter: @davidafeider
or
Chuck Miller, 320-240-5457
Director, Corporate Communications
[email protected]
On Twitter: @charleswmiller

Source: Wolters Kluwer Financial Services

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