Once considered largely an afterthought from a functional standpoint, LOS providers are moving to quickly to introduce full-featured compliance solutions into their platforms as the housing crunch rolls on. The reason isn’t hard to divine: compliance matters more now than it has in the past, and originators are being pushed to make sure the loans they make can pass both federal and state muster. The latest example of this trends comes courtesy of QuestSoft, a provider of compliance software and geocoding services for lenders, which said Monday that its automated compliance review system, Compliance EAGLE, has been integrated into Loan Energizer. Loan Energizer is a loan origination system designed by Encino, Calif.-based Management Systems Development, Inc. Via the integration, Compliance EAGLE combines its compliance monitoring and reporting functions with Loan Energizer’s LOS, to offer a comprehensive rule set that evaluates loan portfolios for possible compliance violations and automates reporting, both companies said in a press statement. “The integration of Compliance EAGLE with Loan Energizer ensures that our users can be confident in their compliance with the thousands of laws, rules and regulations that otherwise might unravel the quality of their loans and operations,” said Doug Turner, president of Loan Energizer. “With Compliance EAGLE, not only do we reduce the time and costs of complying with these rules, but we can also reduce the expenses related to audits and increase the attractiveness of loans for investors.” Compliance EAGLE itself is based on the use of Mavent Expert System to perform a full range of compliance services, including reviews of federal, state and local regulations. Loan Energizer executives said that their users will benefit from Compliance EAGLE being integrated as a full module within the software — this allows users to access the compliance tools directly from within the Loan Energizer user interface. For more information, visit http://www.gomsd.com and http://www.questsoft.com.

More: