Houston-based HomeTrust Mortgage, a retail lender with 30 branches in Texas, New Mexico and Missouri, has installed QuestSoft's Compliance EAGLE platform to ensure compliance and monitor loans. Compliance EAGLE integrates with HomeTrust Mortgage's loan origination software (LOS), MORvision from ISGN/Dynatek.
Patricia Gustafson, senior vice president of operations at HomeTrust Mortgage, says the lender selected Compliance EAGLE because the system gave HomeTrust's quality control departments a powerful tool to quickly and thoroughly review all loans in various phases of production and underwriting. HomeTrust Mortgage also cited the software's use of the same compliance engine used by its investors as a key factor.
"Our investors encouraged us to automate our compliance process, and QuestSoft met both of our requirements," she says. "They used the Mavent Expert System, and their system integrated seamlessly with MORvision. In the short time we've been using the system, we've caught and corrected three loans that would have been rejected as high-cost. The income generated by those three loans has already paid for the system."