Wolters Kluwer gets new credit union win in Florida
Grow Financial Credit Union, headquartered in Tampa, Florida, has selected Wolters Kluwer’s ComplianceOne Lending and CASH Suite solutions for its commercial lending processes and compliance risk management throughout its 26 branch locations.
The credit union has selected Wolters Kluwer’s ComplianceOne Lending and CASH Suite solutions
Grow Financial’s use of the ComplianceOne Lending aims to make managing compliance with lending transactions faster and more efficient, connecting the major areas of the credit union’s business operations to its core processor through one interface.
Combined with CASH Suite, Grow Financial hopes to have a centralised view into its commercial loan processing services, allowing it to easily measure workflow performance to maximise both employee and operational efficiency.
“As we looked at the lending climate ahead coupled with our continued expansion into commercial lending, it became clear that we needed to gain more control over our commercial lending workflow processes,” says Joe Rosado, SVP, real estate lending and business solutions at Grow Financial Credit Union.
Samir Agarwal, vice president of banking solutions in Wolters Kluwer’s Compliance Solutions business, adds: “As the market continues to embrace the use of financial technologies, credit unions and other financial institutions that implement a workflow solution will find themselves at a significant advantage.”
ComplianceOne is a loan origination solution and loan processing system, aiming to allow financial institutions to manage lending workflows, interfacing with core systems to automate transactions and generating compliant documents for loan origination.
CASH Suite is comprised of ten integrated modules for financial analysis and credit risk management software for commercial lending. When integrated with ComplianceOne lending, it drives workflow and analysis capabilities from lead generation to post-close servicing and reporting.
