Items Tagged with 'ComplianceEase'

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From HW Magazine

2017 HW Tech100 Winner: ComplianceEase

Provides a suite of automated compliance products and services
The company offers ClosingXpress, a document-generation platform offering TRID compliant disclosures, as well as required federal, state, and secondary market investor origination, closing, and modification document sets with integrated compliance monitoring through ComplianceAnalyzer.
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From HW Magazine

What's next in mortgage compliance?

It's not just fintech - it's regtech
The goal over the past few years has been to move compliance from a manual to an automated process, and more specifically moving from the post-close sampling process to the point of origination process. But, as we’ve discussed, the level of automation has been relatively basic, and more focused on preventing errors than taking friction and delays out of the underwriting and review processes.
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From HW Magazine

ComplianceEase handles multiple disclosures to manage fee tolerance issues

Produces independent audit report
To stay in compliance, many companies are updating their software and processes. However, reviewing only a limited set of disclosures can also result in over-refunding fees in an attempt to address suspected tolerance errors. With historically thin margins in the mortgage industry, small errors can have a large impact on profits and competitiveness.
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New solution provides flood-zone alerts

Pings when property flood-zone status changes
FloodAnalyzer identifies a property’s flood-zone status and performs an analysis. Throughout this process, it uses the most current Federal Emergency Management Agency’s Flood Insurance Rate Maps and Flood Hazard Boundary Maps.
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Former MBA Chairman David Kittle joins ComplianceEase

Will be SVP of government and industry relations
ComplianceEase hired former MBA chairman David Kittle as its senior vice president of government and industry relations. He brings years of experience managing relationships with Fannie Mae, Freddie Mac, Federal Home Loan Banks, Ginnie Mae and the U.S. Department of Housing and Urban Development.
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ComplianceEase now offering warranty for compliance defects

New program provides TRID, QM compliance insurance
ComplianceEase is now offering a warranty program for loans that are found to have compliance defects. The program, called AssureCert, is a comprehensive insurance-backed warranty program for loans that have been audited by ComplianceEase’s ComplianceAnalyzer solution.
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Executive Conversation: Jason Roth on the industry's TRID readiness

ComplianceEase helps lenders get it right
So, for the moment, our industry has some more breathing room. Make no mistake about it, however, now that consumers (read the plaintiff’s bar) can sue over Real Estate Settlement Procedures Act (RESPA) / Truth in Lending Act (TILA) defects, from now on, every closing is a potential lawsuit for the lender.
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