Wolters Kluwer Recaps Services Aimed at Compliance
MINNEAPOLIS — With regulatory compliance becoming even more
urgent these days, Wolters Kluwer Financial Services reiterated that its
professional services can help lenders, captive finance companies and loan
servicing organizations obtain the information they need to understand U.S.
regulations applicable to consumer default documents affecting auto lending.
The company highlighted Wolters Kluwer Financial Services'
compliance professionals can be contracted by lenders and servicers to provide
research, detailed information and analysis surrounding state and federal
legislation. This includes rules related to payment application, notification,
collections and repossession of vehicles.
"The company's regulatory research professionals have
decades of financial services industry knowledge and experience," Wolters
Kluwer Financial Services said.
"They can help financial institutions monitor legislation;
summarize and analyze published notices; understand the impact of current or
new legislation to their businesses, expand into new products or jurisdictions
and proactively budget and plan for their annual research needs," management
went on to say.
Additionally, Wolters Kluwer Financial Services can offer
financial institutions a comprehensive suite of default servicing solutions.
This includes document services that provide for the electronic generation,
fulfillment, delivery and complete outsourcing of default compliance
documentation related to auto lending, as well as document assessments.
Also available is the
company's CompliSource online research tool that allows lenders and servicers
to quickly identify, research, educate and monitor pending and enacted laws
across all 51 U.S. jurisdictions. CompliSource features a repossession summary,
which includes the state requirements for pre- and post-repossession notices.
"Monitoring the various state and federal rules that affect
auto default servicing, while continually maintaining compliance with the legal
requirements of loan documents, can be an overwhelming task for financial
institutions," said Art Tyszka, director of default services for Wolters Kluwer
Financial Services.
"Our professional
services and default servicing solutions help address both of these challenges,
providing lenders and servicers with a powerful combination of regulatory
expertise and strong document generation and fulfillment capabilities," Tyszka
continued.
Wolters Kluwer Financial Services' indirect lending business
can helps lenders and dealers monitor pending and enacted legislation that
impacts the auto, marine and RV finance and dealer markets.
The company's compliance documentation, software and
services can assist both lenders and dealers mitigate risk and ensure new laws
and regulations are embedded within their business operations. Prominent brands
include AppOne, Bankers Systems and CompliSource.
For more information, visit the indirect lending and default
servicing sections of www.WoltersKluwerFS.com.
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