Burlingame, California-based ComplianceEase, a provider of automated compliance solutions, updated its latest technology to be compliant with the new TRID rules that will go into effect in less than two months.
For starters, the company’s online compliance management platform, ComplianceAnalyzer, now fully supports loans originated under the new TILA-RESPA Integrated Disclosure rules.
It also incorporated TRID changes into the thousands of federal and state compliance tests that have been affected by the new rules.
Furthermore, this latest ComplianceAnalyzer release includes a new module, called TRID Monitor, which provides complete auditing of TRID disclosure timing, changed circumstances and fee tolerances across all disclosures.
“Our latest release of ComplianceAnalyzer can quickly and definitively answer the questions of the hour: is this loan TRID compliant and how can I prove it?” said John Vong, president of ComplianceEase.
“ComplianceAnalyzer with TRID Monitor can audit all of the new TRID documents—from the Initial Loan Estimate through to Closing and Post-Consummation Closing Disclosures—to ensure compliance and to detect and help correct fee tolerance issues,” he continued.