Lenders Gain Compliance at the Closing Table
Risk mitigation and compliance service provider Interthinx allied itself with a mortgage document preparation provider, Document Express, providing lenders with loan closing packages quickly without sacrificing compliance. "With the torrent of new laws and increased enforcement by both regulators and investors, many lenders will not be able to keep up without outside support," said Interthinx president Kevin Coop in a media statement Thursday. The integration allows Document Express' clients to verify loans against high-cost thresholds through a comprehensive report of federal, state, local and government-sponsored entity testing standards, ensuring the compliance of a loan at all levels. The partnership streamlines closing operations and cuts down on leeway for error associated with using an outside regulatory compliance service provider. Write to Diana Golobay.