ARTA® Home Equity Early Disclosure

This capability offers you a quick, step-by-step way to develop disclosures on-site.

It not only provides your institution more flexibility to create and customize loans more easily, it also saves you valuable time and costs.

Moreover, industry analysts are predicting a strong and steady rise in the home equity lending market for the foreseeable future. If you're looking for ways to make your home equity lending program more efficient and convenient, inevitably the answer is the automation this capability offers.

Business Results

• Increase Speed and Productivity—Eliminate the need to leave your lending documentation program, help reduce the amount of time spent making changes to products, and reduce the waste of obsolete documents.
  
  
• Improve Effectiveness and Reduce Risk—Help improve accuracy and consistency with data validation features and up-to-date documents developed by one of the most trusted compliance providers in the industry.
  
  
• Address Business Objectives—Take advantage of a more efficient and flexible method for creating home equity early disclosures.

Highlights

• Create and print tailored fixed-rate or variable-rate home equity loan disclosures designed to be consistent with the Home Equity Consumer Protection Act of 1988.
  
  
• Create dynamic disclosures that are tailored to reflect your lending policies.
  
  
• Select repayment options and different rate options for certain types of accounts with this flexible capability.
  
  
• Implement state-specific language, as needed, for all 51 jurisdictions.

Key Benefits

• Increase efficiency by integrating with ARTA Lending.
  
  
• Accommodate an unlimited number of disclosures.
  
  
• Signal possible inconsistencies and correct them in time.
  
  
• View the completed document on screen to make sure the necessary information has been filled in.
  
  
• Email the final disclosure to your branch institution.