The lending solution is designed to help banks and credit unions originate SBA loans quickly and efficiently while meeting all SBA program guidelines and regulatory requirements.
Wolters Kluwer said that the solution was build upon its TSoft SBA FormMaster+ software, which can be accessed via a bank or credit union’s intranet and is fully-scalable for single or multiple organizations. .
In addition, the browser-based lending solution does not require additional installations or updates on each workstation when new versions are released.
The TSoftPlus solution also utilizes Wolters Kluwer’s automatic document selection technology to produce PDF loan files for e-mail, printing and submission to the SBA.
The solution can be integrated with the SBA’s Authorization Wizards using Microsoft Word, which allows financial institutions to submit loan applications and receive approvals through the SBA’s E-Tran system as well as financial analysis.
Wolters Kluwer Financial Services is a regulatory compliance and risk management business that helps financial organizations manage operational, compliance and financial risk and reporting, and improve efficiency and effectiveness across their enterprise.
