New Partnership Aims At CRA And Fair Lending Compliance

Posted by Orb Staff on May 22, 2012 No Comments
Categories : FYI

Minneapolis-based Wolters Kluwer Financial Services has entered into an agreement with Philadelphia-based The Reinvestment Fund (TRF) to integrate TRF's PolicyMap application with Wolters Kluwer Financial Services' software solutions for Community Reinvestment Act (CRA) and fair lending compliance.

According to the companies, Wolters Kluwer Financial Services will now be able to provide its customers with integrated, Web-based performance context mapping for Home Mortgage Disclosure Act (HMDA), CRA and fair lending compliance that can be coupled with geocoded data from Wolters Kluwer Financial Services' solutions.

Customers can create and plot their own assessment areas on the Web-based mapping screen and have access through the PolicyMap application to data sets for a variety of federal programs while helping financial institutions visualize their loan and deposit distributions across hundreds of demographics, the companies add.

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