Wolters Kluwer Financial Services introduced its ComplianceOne manager software this week. The software as a service (SaaS) tool monitors loan portfolios in real-time, enabling bank executives to oversee the process while looking for performance issues and operational risks.

Changes in bank lending regulations after the U.S. housing bubble collapse have increased the need for loan oversight tools. ComplianceOne manager allows financial institutions to combine and report on their lending transactions. Because the platform is a SaaS (News - Alert) tool, lending officers, processors and underwriters have quick access to all of the information, enabling them to collaborate on loan transactions.

The company says the new standalone business process management (BPM) tool can be seamlessly used in conjunction with its ComplianceOne compliance documentation system, ARTA Lending or other loan origination solutions in the market.

"There is a significant opportunity for banks and credit unions in today's financial services marketplace to make the management of their lending businesses more efficient and profitable through BPM," said Lisa Fraga, vice president and general manager of Banking Solutions for Wolters Kluwer Financial Services. "We created ComplianceOne manager as a flexible, scalable solution that can help them take advantage of that opportunity in ways that make sense for their own specific lending businesses."

The company reports that the solution helps ensure origination policies and procedures are followed, allowing staff to identify exceptions to each, and putting the controls in place to help ensure front-line staff is in compliance. Institutions can also integrate and report on their lending transactions across their enterprise.

Walters Kluer’s ComplianceOne loan and deposit origination platform is used by 1,600 banks and credit unions. The company provides risk management, compliance, finance and audit technologies for financial organizations. Wolters Kluwer Financial Services is part of Wolters Kluwer, a global information services and solutions provider with annual revenue of $4.6 billion and approximately 19,000 employees worldwide.