Winnow by Orrick: Powerful, Customizable Legal Compliance Software
Legal compliance software is an innovative tool that financial services companies use to ensure compliance with the latest rules and regulations. This software provides crucial operational information to team members, automates system tasks to increase efficiency, and sends timely notifications when there are new relevant laws.
Helpful Features
Compliance software, such as Winnow, includes a variety of innovative features, such as:
Results tailored to entity type, licenses, products, and more
Change management solution with the ability to compare legislative activity over time
Customizable surveys that encompass both state laws and regulations
Optimized search results that help identify necessary legal requirements
An intuitive, fast user interface
Compliance management software helps lenders maintain consistency and save time in their compliance efforts. As requirements change over time, the software will send alerts so that your company can adapt as needed.
Who Benefits from Compliance Software?
Several types of financial services companies benefit from compliance management software, including:
National Banks
Federal Credit Unions & Thrifts
State Chartered Banks, Credit Unions & Thrifts
Non-Banks / Non-Credit Unions
In addition to the list above, it’s also important for other entity types that fall outside of these areas to ensure financial compliance.
Key Capabilities
Compliance management software like Winnow can automate aspects of data collection, decision-making, and knowledge sharing for financial services companies. It’s also beneficial for tracking changes and staying current on new information and procedures.
In addition to tailoring results to your specific loan products, Winnow's software includes powerful search criteria with over 57,000 state and federal laws, topics, and functions.
Winnow has state-of-the-art search and filtering capabilities that include options such as:
Loan Phase / Subject Matter: Define the general scope of your survey by choosing from a relevant Loan Phase like Origination, Servicing, or Marketing / Advertising. You also have the option to build by Subject Matter like Privacy & Cybersecurity, Military Servicemember, or Debt Collection.
Topic / Category Applicability: Define the general scope of your survey by choosing from a relevant Loan Phase like Origination, Servicing, or Marketing / Advertising. You also have the option to build by Subject Matter like Privacy & Cybersecurity, Military Servicemember, or Debt Collection.
Jurisdiction: Build surveys that encompass all 50 U.S. states, and the District of Columbia, or target just the few that you operate in. Federal coverage is also available.
Entity Type & Licenses: Target your results based on institution types, like National Bank, State Bank, Credit Union, or Non-Bank / Non-Entity. Add the specific state licenses you hold to return requirements that expressly apply to your business.
Product-Specific Criteria: Choose from criteria that apply to the product type you’ve chosen. For example, if you’re building a Mortgage survey, you’ll see options to narrow by Property Type, Occupancy Status, Loan Purpose, and other options.
And More: There are plenty of non-product-specific criteria that can be applied to your surveys. Add values like Open / Closed End, Fixed / Adjustable Rate, define ranges for Loan Amount and Loan To Value, or Alternative / Specialty Products.
Powered By Orrick
Winnow Solutions, LLC is an Orrick, Herrington & Sutcliffe LLP subsidiary. Before its combination with Orrick, Buckley LLP developed Winnow ®, a database-driven, RegTech platform providing subscribers with topic-driven surveys and automated compliance change management.
We built Winnow in cooperation with Buckley LLP, a nationally trusted law firm that invested more than 50,000 hours of work from 140 Buckley attorneys to date. With Winnow, companies can comply quickly with new laws and regulations while using a cost-saving and current platform.
Currently, our research attorneys are identifying and addressing requirements for over 57,000 different laws across all states, territories, and federal. In early 2023, Winnow added the ability to build surveys that include federal requirements, with expanded coverage planned for the future.
Try It For Yourself
For more information about Winnow, including subscription pricing, schedule a demo today!
© 2023 Winnow Solutions, LLC. Winnow®, Orrick®, and the Winnow and Orrick logo designs are service marks of Orrick Herrington & Sutcliffe LLP and are used under license from Orrick Herrington & Sutcliffe LLP. IMPORTANT: Winnow is a software product offered by Winnow Solutions, LLC, which is not engaged in the practice of law. Winnow is not legal advice or a substitute for legal advice from a licensed attorney. The purchase or use of Winnow does not establish attorney-client relationships with or protections from Winnow Solutions, LLC or Orrick Herrington & Sutcliffe LLP.