Automate HMDA reporting, collection and analysis
Staying compliant with HMDA regulations has become more challenging due to the growing reporting requirements. With increased data, there is a greater risk of errors and heightened public scrutiny of lending practices. Getting it right is crucial for financial institutions to protect their bottom line by ensuring compliance and reducing costs.
HMDA Wiz® software from Wolters Kluwer includes everything you need to import, collect and edit data, create data scrubbing detail and summaries, and submit reports. The solution is easy to use, quick to implement and always accurate.
If you don't have the time or internal resources to manage HMDA CFPB compliance, HMDA Wiz and outsourced Wiz Services can be combined to fit your institution's exact requirements and budget.