In Minnesota, ""Wolters Kluwer Financial Services"":www.wolterskluwerfs.com/ has established an agreement with ""The Reinvestment Fund (TRF)"":http://www.trfund.com/. The two entities will work together to integrate TRF's PolicyMap application with Wolters Kluwer's software solutions for the Community Reinvestment Act (CRA) and fair lending compliance.[IMAGE]
Through the partnership, Wolters Kluwer will be able to give clients a web-based performance context mapping for the Home Mortgage Disclosure Act (HMDA), CRA, and compliance. The integrated capabilities will combine Wolters Kluwer's geocoded[COLUMN_BREAK]
data with TRF's program so that customers can create and plot their own assessment areas on the mapping components.
Those using the PolicyMap platform will gain access to datasets such as those from the ""Department of Housing and Urban Development"":www.hud.gov/ and the ""Federal Deposit Insurance Corporation"":http://www.fdic.gov/. Wolters Kluwer hopes that the new enhancements will help financial institutions ""visualize their loan and deposit distributions across hundreds of demographics.""
Heather Czermak, general manager of Wolters Kluwer's consumer compliance and financial crime control divisions, stated, ""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. 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.""
""As a national leader in community development finance, TRF has long recognized the value of reliable geographic market data,"" added Don Hinkle-Brown, president of TRF. ""This work with Wolters Kluwer Financial Services represents a unique opportunity to embed this kind of information into the CRA work of lending institutions across the country.""