QuestSoft Upgrades Compliance Software

Posted by Orb Staff on September 09, 2009 No Comments
Categories : Residential Mortgage

QuestSoft, a provider of mortgage compliance software and services for lenders, has upgraded its compliance software, Compliance EAGLE.

The changes address new regulations at the federal, state and local levels. At the federal level, the new regulations include support for reforms to the Home Mortgage Disclosure Act (HMDA) and the Real Estate Settlement Procedures Act (RESPA), as well as the newly enacted Mortgage Disclosure Improvement Act.

QuestSoft also says it upgraded its Instant Geocoder program, which provides automated address verification for compliance reports, and its CRA RELIEF program, which added the ability to include optional reporting data. Last spring, HMDA RELIEF also upgraded its engine to ensure compatibility with the new HMDA regulations concerning higher-cost loans, which go into effect Oct. 1.

SOURCE: QuestSoft

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