MINNEAPOLIS--(BUSINESS WIRE)--Wolters Kluwer today announced the launch of its newest solution, Vanceo™ Mortgage, an easy-to-use loan processing system that creates highly intelligent and compliant, end-to-end loan origination workflows. The solution is designed to assign role-based tasks and enhance visibility for an institution’s mortgage lending operations and compliance management.
Vanceo Mortgage is unique to the market in that it takes a user-centric approach to compliance by providing lenders with intuitive dashboards and intelligence that help narrow in on critical action items. The advanced functionality allows financial institutions to address potential issues earlier, faster, and strengthen customer relationships. The result is streamlined, efficient and highly intuitive compliance management for both lenders and consumers.
Additionally, Vanceo Mortgage eliminates the need for tracking in multiple systems the status and information on any transaction through its ability to create both systematic and manual process checkpoints. More specifically, Vanceo Mortgage addresses four major needs in the industry:
- Role-based Access. Provides transaction and task information as well as actions through an at-a-glance dashboard personalized for the user and prioritized by urgency.
- Transaction Details. Allows for easy navigation to loan-level details, providing detailed notes for any transaction in progress.
- Task Details. Enables users to readily view and focus in on highest-priority tasks and actions required to keep the transaction pipeline and portfolio moving forward.
- Central Record for Loans. Features one, centralized database with easy access to address inquiries on any loan in either an open or closed state.
“Financial institutions need solutions that are more intuitive and aligned with their business processes to meet consumer and regulator expectations,” said Samir Agarwal, Vice President of Wolters Kluwer GRC Banking Solutions. “We embarked on a journey to solve customer needs with their voice as the driver. Vanceo Mortgage delivers unprecedented value to lenders by enabling compliance, while improving their productivity, speed-to-close, and consumer experience.”
For more information on Vanceo Mortgage, visit our website.
About Wolters Kluwer Governance, Risk & Compliance
Governance,
Risk & Compliance (GRC) is a division of Wolters
Kluwer, which provides legal and
banking professionals with solutions to ensure compliance with
ever-changing regulatory and legal obligations, manage risk, increase
efficiency, and produce better business outcomes. GRC offers a portfolio
of technology-enabled expert services and solutions focused on legal
entity compliance, legal operations management, banking product
compliance, and banking regulatory compliance.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2017 annual revenues of €4.4 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
