Compliance

Nationwide proliferation of anti-predatory/high-cost laws and ever-changing state consumer lending regulations have caused mortgage brokers and banks to shift their regulatory compliance focus from traditional sampling and manual reviews to a pre-close, automated, transaction-level approach.

As an authorized re-distributor of Compliance Ease services, Accurate mortgage Processing can now resolve a constant concern for mortgage brokers: “are the loans being originated by my Loan Officers compliant?”

Compliance Ease is an industry-leader providing comprehensive compliance auditing to over 200 satisfied institutions in the residential mortgage industry. Through an exclusive arrangement, we are able to perform such evaluations as predatory lending and Truth in Lending Act (TILA) analysis and make it easier and less expensive for our clients to respond to regulatory changes as they arise.

We believe that this is yet another way to allow our clients to gain a huge competitive advantage by reducing costs, increasing profitability and mitigating risk so that you can focus on growing your business and staying in business years to come.
 

Each audit presents multi-jurisdictional compliance audit reviews, covering:

• Home Ownership and Equity Protection Act (HOEPA) - Section 32

• State and municipal high-cost / anti-predatory laws and regulations

• Truth In Lending Act (TILA)

• State consumer lending laws

• State licensing regulations

• Secondary market investor guidelines

• GSEs compliance guidelines

• Lenders' internal policies

Compliance Analysis Features

• Real-time decisioning in just seconds

• Loan-level summary reports supported by detailed analyses

• Industry baseline RiskIndicator

• Exception handling and reporting

• Exportable management reports

• Comprehensive compliance certificate

Summary of Analysis Benefits

• Reduce unnecessary risk exposure

• Improve asset quality and profitability

• Significant cost savings

• Increased efficiency and accuracy

• Proactive compliance enforcement

• Overall risk management improvement

As a prudent measure, we recommend that each loan processed goes through ComplianceAnalyser to prevent costly and even irreparable mistakes after closing. Please ask us how we can make this process seamless and inexpensive, per file, or per selected number of files.

ComplianceEase® appreciates receiving public recognition for building innovative solutions that help solve mortgage industry problems and empower our clients with a competitive advantage. The following awards are a testament of our continuing commitment to excellence and innovation:
 

In 2006, Source Media's mortgage Technology magazine for the third year in a row acknowledged ComplianceEase's leadership in mortgage technology space by designating the company as one of the magazine's Top 25 Service Providers. Membership for this selective industry list requires displaying strong customer satisfaction, functionality, a viable revenue model, and market share. It is paramount that member companies consistently demonstrate a high degree of functional value to the mortgage industry.