ComplianceOne® assumption lending | Wolters Kluwer Financial Services
  • Wolters Kluwer Financial Services Banner Image

ComplianceOne® assumption lending

  • Seamless automation: originate, document and service

    ComplianceOne® assumption lending is a Software as a Service (SaaS) tool that assists in the end-to-end management of your retail mortgage business.

    Origination features

    • Standard industry documents for 51 jurisdictions that are monitored and kept compliant with federal and state rules and regulations as well as investor requirements
    • Early Disclosure documents that are compliant with current loans [e.g. TILA-early, GFE, Homeownership Counseling Notice, etc.] as well as future 8/1/15 TILA-RESPA regulations [i.e. Loan Estimate]
    • Controlled product templates with pre-configured policies and documents workflow interfaces for upfront services [e.g. Credit Bureau, ATR/QM, HOEPA/HPML]
    • Automated business rules and calculations performed by the system
    • Closing documents that are compliant with current loans [e.g. HUD Settlement Statements] as well as future 8/1/15 TILA-RESPA regulations [i.e. Closing Disclosure
    • Business-to-business workflow interfaces to closing service providers [e.g. Flood Determinations] and exports to enable downstream workflows [e.g. ULDD, Fannie 3.2]
    • Assumption documents and workflow capabilities that can be extended to Home Equity Closed-end Loans

    Taking productivity to a new level: Business process management

    • An assumption business process that’s controlled from within a single system
    • The ability to manage timing requirements around tasks by all parties involved in the transaction
    • The ability to manage the sending and receiving of electronic versions of documents (PDFs)
    • Configurable workflows and tasks that assist with process management and user work queue visibility
    • Efficient collaboration between all parties involved in the assumption including initial Application from Borrower

    Tamper-sealing technology: secure document exchange

    • Tamper-sealing technology that minimizes the possibility of hackers, identity thieves, and unintended recipients
    • The ability to electronically send packages to a secure website where applicants and account owners log in, view, accept, approve, and/or edit the documents and send them back through their preferred format (paper, fax, or with the same secure electronic channel complete with e-signature)
    • The ability to easily track all communications and documents you send and receive

    Technology backed by compliance expertise