Tech Integration Supports Investor And Regulatory Compliance Reviews

Posted by Orb Staff on May 27, 2010 No Comments
Categories : Residential Mortgage

oft says it will integrate its Compliance EAGLE mortgage compliance platform into Blueberry Systems' RELAY loan origination system (LOS). The partnership eliminates the need for users to properly identify and port the correct data between the two systems, enabling a seamless method for ordering and processing compliance reviews, the companies say. RELAY incorporates Compliance EAGLE's automated compliance reviews into a single data stream, enabling lenders to analyze loans for compliance with regulatory, investor or organizational standards. The addition of Compliance EAGLE enables RELAY users to complete multiple compliance reviews and reduce the need for manual compliance processes and data entry, the companies add. "It is a very different lending environment these days,’ says Leonard Ryan, president of QuestSoft. ‘The legislation is very fluid, and the secondary market will only purchase high-quality loans. If an LOS or compliance tool doesn't have the capacity to accurately process a lender's loan data to these demanding standards, institutions will have a tough time in the new lending environment.’ SOURCES: [link=http://www.BlueberrySystems.com]Blueberry Systems[/link], [link=http://www.questsoft.com]QuestSoft

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