Wolters Kluwer Financial Services and The Independent Community Bankers of America (ICBA) have renewed their Preferred Service Provider (PSP) relationship for the seventh consecutive year since the alliance was formed in 2004. The renewal expands the relationship to help ICBA member banks more effectively take advantage of growing indirect and Small Business Administration (SBA) lending opportunities. As a result, Wolters Kluwer Financial Services will now provide ICBA community bank members with access to the additional following solutions:
â¢ Bankers Systems Retail Installment Contracts â A complete selection of forms and documents that support the financing of motor vehicles, goods and services, home improvements and manufactured homes;
â¢ CompliSource â A comprehensive federal and state compliance research tool that provides information and compliance alerts for first and second mortgages; home equity loans; direct and indirect motor vehicle, watercraft and consumer goods loans; student loans; debt collector licensing; and unsecured lending; and
â¢ TSoftPlusâ¢ â A browser-based lending platform that helps banks quickly and easily meet all SBA lending program guidelines and requirements.
Wolters Kluwer Financial Services provides ICBA member banks with access to a broad array of other regulatory compliance solutions as well. These include the companyâs warranted compliance documents and ComplianceOne, a single, integrated documentation solution that makes managing compliance with loan and deposit account transactions faster and more efficient. The relationship also includes Wolters Kluwer Financial Servicesâ Residential Lending solutions.
âThe ICBA is pleased to once again renew and strengthen our Preferred Service Provider Relationship with Wolters Kluwer Financial Services,â said Dan Clancy, executive vice president, ICBA Services. âNo other provider is better equipped with the solutions, services and expertise to help community banks tackle todayâs rapidly-evolving and increasingly-complex regulatory challenges.â
âWeâve listened closely to the needs of community banks for more than 60 years,â said Lisa Fraga, vice president and general manager, Banking for Wolters Kluwer Financial Services. âDoing so has allowed us to provide them with the tools they need to not only comply with regulations, but operate more efficiently, enhance their customersâ experience, and improve their ability to capitalize on growing business opportunities.â