AllRegs Enhances State Compliance Package
Mortgage lending information provider AllRegs said Wednesday it had added new features to its state compliance package, which provides searchable access to plain language interpretations, links to supporting laws and regulations, as well as English and Spanish language disclosures for all 50 U.S. states. AllRegs said it added three new features to the platform, including loan file checklists, disclosure matrices and permissible fee matrices for each of the 50 states. The new checklists include application disclosures and high-cost loan disclosures required by each state; while state-level required document matrices provide an overview of documents required by milestones in the lending process (i.e. time of application, closing, etc). Permissible fees matrices track allowable broker and lender fees, by state. “We are excited to offer new checklists and matrices on state compliance, required documents and permissible fees through our State Compliance product,“ said Dan Thoms, AllRegs senior vice president. “These documents can be printed and inserted into the front of every loan file, or used as a reference for state compliance. Mortgage professionals will be able to ensure that their loan files are complete and compliant by using these new checklists and matrices, streamlining processes and promoting accuracy.” Each product is an instant-print worksheet that is continually updated by AllRegs, the company said. For more information, visit http://www.allregs.com. Write to Paul Jackson at firstname.lastname@example.org.