Mortgage Cadence Adds Leading Compliance Auditing and Monitoring Solution to its Loan-Origination Platform
Summary
"The cost to produce a loan has been on the rise, largely because of compliance demands that have given way to inefficiencies and slower speed to close for many lenders,” said Trevor Gauthier, Mortgage Cadence’s president and chief operating officer.It also performs TRID, RESPA 2010 and pre-2010 forms tests to validate California’s per diem interest calculations, a key differentiator in the market, as compliance for California originators remains a top priority to avoid penalties and fees."Our automated loan-level compliance technology helps lenders comply with federal and local regulations and minimize operational risks," said John Vong, ComplianceEase’s president.ComplianceEases patented platform includes ComplianceAnalyzer ® , the mortgage industrys most adopted automated compliance solution with the most comprehensive TRID auditing.ComplianceEase combines regulatory expertise with innovative technology to power end-to-end risk management solutions that help financial institutions improve compliance controls and increase profitability.
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