Accenture (ACN) released a new version of its Accenture Mortgage Cadence Enterprise Lending Center platform to fall in line with the upcoming TILA-RESPA Integrated Disclosure Rule.
The Enterprise Lending Center is one of two SaaS-based loan origination systems offered and is configurable to assist lenders in updating their systems in advance of the regulation deadline.
“This tremendous initiative helps to prepare our clients for the TILA-RESPA rule well ahead of the deadline. Enterprise Lending Center 8.0 gives lenders the opportunity to thoroughly test the two new documents required by the TILA-RESPA Integrated Disclosure Rule – the Loan Estimate and Closing Disclosure,” said Trevor Gauthier, managing director with Accenture Mortgage Cadence.
The new system features:
- The new Loan Estimate and Closing Disclosure, which include the new TILA-RESPA data points and supporting calculations.
- Functionality that will enable three business day advance delivery of Closing Disclosures to consumers, as required by the regulation.
- New tests and screens to provide comparison data for fees and Changed Circumstance options.
- Updates to partner integrations to improve the user experience with service orders, enabling loan compliance assessments and loan-level constrained taxes and fees estimates.