MINNEAPOLIS — Web-based loan origination software company TCI will now offer Wolters Kluwer Financial Services’ Bankers Systems retail contracts and lease agreements through its DecisionLender platform in an effort to simplify the lending process.

As a result of this new relationship, the company’s Bankers Systems retail contracts and lease agreements will be integrated into TCI’s DecisionLender — a system which allows merchants to send an applicant’s data to a lender and also helps the lender to quickly evaluate the application and make a lending decision, officials noted.

Offering his opinion on the partnership, Bill Nass, president of TCI — which helps link credit unions, banks and finance companies with various types of merchants — noted, “Lenders must continually ensure that they are staying on top of regulatory changes and meeting compliance requirements.

“By integrating Wolters Kluwer Financial Services’ contracts with our software, we can help lenders, as well as their customers, simplify this challenge and prepare loan documents with just a few mouse clicks,” he added.

Jason Marx, vice president and general manager of indirect lending and mortgage at Wolters Kluwer Financial Services, went on to say, “Like TCI, we are committed to helping lenders accelerate the loan approval process, and regulatory compliance is a key part of this.

“Working with TCI, we can help more lenders and merchants gain access to the critical contracts they need to ensure each loan is documented accurately from the beginning,” he continued.

Officials also went on to note that the contracts integrated into the DecisionLender system are protected by Wolters Kluwer Financial Services’ limited compliance warranty and are maintained by the company’s compliance experts.