As you may have seen in American Banker, Wolters Kluwer announced this week that is has entered into an agreement with The Reinvestment Fund to integrate TRF’s PolicyMap application with the Wolters Kluwer Financial Services’ software solutions for Community Reinvestment Act (CRA) and fair lending compliance.
Wolters Kluwer Financial Services will be able to provide its customers with integrated, web-based performance context mapping for Home Mortgage Disclosure Act (HMDA), CRA and fair lending compliance. Customers can create and plot their own assessment areas on the web-based mapping screen. And customers have access to PolicyMap data sets such as the Department of Housing and Urban Development’s Foreclosure NSP Data, New Market Tax Credit Eligibility, Gulf Opportunity Zones, Federal Deposit Insurance Corporation Bank Closures and Low Income Housing Tax Credits.
“By partnering with TRF and its PolicyMap application, Wolters Kluwer Financial Services has demonstrated our continued commitment to strengthening our CRA and fair lending solutions on behalf of our customers,“ said Heather Czermak, general manager of the company’s Consumer Compliance and Financial Crime Control business lines. “In doing so, we’re providing our customers with the comprehensive information, mapping and reporting capabilities they need to help ensure they are in compliance with CRA and fair lending requirements and prove it to the regulators.“