IB Magazine-supported Event Tops 400 in Participants Seeking New TRID Process Guidance
Wolters Kluwer Financial Services today announced that its May 19 webinar on “ How to Ensure Your Mortgage Revenue After August 1st” drew 400-plus community banker attendees. This event, facilitated and promoted by Independent Banker® magazine, provided guidance on preparing for the TILA-RESPA integrated disclosure ( TRID) requirements that go into effect Aug. 1, 2015.
“The May 19 presentation on preparing for TRID marks one of the most attended webinars that our business has ever conducted,” said Art Tyszka, senior director and general manager, Residential Lending, Wolters Kluwer Financial Services. “Clearly, there is tremendous interest among community bankers in getting immersed in all aspects of the regulation in order to be ready for the August 1 implementation.”
A recording of the webinar, which featured demonstrations of the new, dynamic disclosures, a review of mortgage lending processes and updates on forms, timing and other regulatory requirements, can be accessed on the company’s TILA-RESPA Resource Center site.
Wolters Kluwer Financial Services offers technology ranging from dynamic, cloud-hosted solutions (SaaS) to content engines that can be embedded within existing software solutions to help financial institutions of all sizes meet the new regulatory requirements. Its consulting and professional services are designed to further close the gap and provide the comprehensive approach organizations need, given the heavy internal operational burden imposed by the TILA-RESPA changes.
For the past several months, Wolters Kluwer Financial Services has been working with thousands of users to help train their staff and implement the company’s SaaS-based mortgage documentation software.
“We’ve found in our client training sessions that it takes time, patience and practice for loan officers to familiarize themselves with the new disclosures and processes that comprise the TRID regulation,” says Kris Stewart, principal regulatory consultant and director at Wolters Kluwer Financial Services. “The sooner that lenders can begin working with these new tools, the better armed they will be for serving their customers beginning August 1. Events like this are helping pave the way for successful implementations.”
For more information and to watch a video of this recorded webinar, visit the TILA-RESPA Resource Center.
About Wolters Kluwer Financial Services
Wolters Kluwer Financial Services provides customers worldwide with risk management, compliance, finance and audit solutions that help them successfully navigate regulatory complexity, optimize risk and financial performance, and manage data to support critical decisions. With more than 30 offices in 20 countries, our prominent brands include: AppOne®, AuthenticWeb™, Bankers Systems®, Capital Changes, CASH Suite™, GainsKeeper®, NILS®, OneSumX®, TeamMate®, Uniform Forms™, VMP® Mortgage Solutions and Wiz®. Wolters Kluwer Financial Services is part of Wolters Kluwer, which had 2014 annual revenues of €3.7 billion ($4.9 billion), employs 19,000 employees worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.