Alliance Helps Lenders With Loan Processing

IRVINE, CA-Minneapolis-based Wolters Kluwer Financial Services has formed a strategic alliance with locally based Financial Tools Inc. to provide commercial lenders with the ability to perform straight-through loan processing. The move intends to help promote efficient and effective compliance, business and workflow decisions throughout the commercial-lending cycle.

A seamless interface will be available from CASH Suite, the financial-analysis and risk-management software solution developed by Financial Tools to Wolters Kluwer’s ComplianceOne loan and deposit origination solution that encompasses the company’s commercial-lending content and functionality. With CASH Suite, the financial institution’s entire loan team can streamline tasks like business development, financial analysis, risk-management pricing, credit communications and approvals, covenant-compliance tracking, portfolio management, stress testing and in-depth reporting. The integrated system eliminates redundant data entry present in siloed systems for financial institutions while improving compliance and reducing business risk.