Provider Details

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  2. Wolters Kluwer
3.5 (2)

Wolters Kluwer

Description

Wolters Kluwer (www.wolterskluwer.com) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Founded in 1836 and headquartered in Alphen aan den Rijn, the Netherlands, the company serves customers in over 180 countries, maintains operations in over 40 countries and employs 18,600 people worldwide. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. Listed on Euronext Amsterdam, Wolters Kluwer shares (WKL) are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

Service(s)

  • Compliance
  • Mobile Solutions

Location

St. Cloud, Minnesota
United States

Year Founded

Ratings & Reviews

3.5

Cost/Value
4.0 (2)

Implementation
3.0 (2)

Support
3.0 (2)

Technology
3.0 (2)

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Robert S Reviewed on 3/15/2021 6:43:41 PM
3 Not Sold & Previous Bad Experience
We switched from HMDA Wiz to Questsoft in 2018 as the software was not great. Remember the 2018 HMDA changes...HMDA Wiz was not ready for 3 to 4 months after the calendar flipped over. Support was horrible. With the software not being ready, we had QC issues on all files closed in the Q1 of that year. What a mess. Even now, corporate is still using HMDA Wiz for the commercial loans and I hear complaints. Thankfully, Questsoft exports the CFPB .TXT file that uploads into Wiz, so corporate didn't have to change vendors. To be honest....recently, I watched a webinar on HMDA Wiz (to give another chance plus it was requested by corporate) and I'm still not sold it works as they claimed. It would be a large workflow changes for us.
Tim Ford Reviewed on 3/10/2021 9:57:52 PM
4 HMDAWiz
We've used HMDAWiz for years. The product works pretty well overall and leads to pretty clean HMDA submissions. The biggest criticisms I have are in the slow downloads on large audits and also the loan limit on batch edit checks and submissions (it's a pain to have to break submissions down and then combine them manually to upload to CFPB). We also deal with inaccurate data, but have tracked those issues to bugs on the Ellie Mae side (incorrect data being stored in the reporting database). Support has been mediocre (ie the last issue I had, support gave me the wrong answer, but also linked documentation that had the correct answer).

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