Wolters Kluwer recently partnered with SettlementOne to help lenders streamline their credit valuation processes with prospective customers during the mortgage loan application process. The partnership links SettlementOne’s credit and data verification capabilities with Wolters Kluwer’s flagship ComplianceOne mortgage and lending platforms, according to a press release.
ComplianceOne’s platforms are designed to help lenders enhance their loan and document preparation processes in a secure, fast and cost-effective manner, the release states. SettlementOne offers credit and data verification solutions that include credit reports, flood certifications, Social Security Number, and income tax verifications.
“We are thrilled to partner with Wolters Kluwer — just one example of our commitment to providing our clients with the solutions they need to work more efficiently and effectively,” SettlementOne CEO Tom Hurst said in the release. “The ComplianceOne Mortgage and Lending platform is a key component of our efforts to provide community banks and credit unions with integrated offerings that fill as many gaps as possible in the lending process.”
The partnership allows lenders to use the functionality embedded directly into the ComplianceOne software, which connects lenders’ core processors with a user interface to optimize loan transactions in an efficient, compliant manner.
“Both SettlementOne’s and Wolters Kluwer’s clients are already reaping the benefits of more profitable and automated lending operations,” said Samir Argarwal, vice president, Wolters Kluwer GRC Banking Solutions. “Our premier partnership with SettlementOne is an important part of our mission to ensure that our clients’ processes allow them to close their loans quickly, as well as remain competitive with the costs to originate loans.”