Burlingame, Calif. - Dec. 20, 2017 - ComplianceEase®, the nation's leading provider of automated compliance solutions to the financial services industry, today announced that the integration of its flagship compliance solution, ComplianceAnalyzer®, with the LoanSphere® Empower® loan origination system (LOS) has been expanded to include the addition of TRID Monitor™. The LoanSphere Empower system is offered by Black Knight, Inc., a leading provider of integrated software, data and analytics solutions.
The direct integration, along with Black Knight's orchestration engine automation, lets Empower software clients systematically audit loans for regulatory compliance using ComplianceAnalyzer with TRID Monitor—without user intervention or ever leaving the LOS. ComplianceAnalyzer with TRID Monitor is available to all lenders using the Empower base system.
ComplianceAnalyzer with TRID Monitor is the most comprehensive, real-time TRID auditing solution available in the market. It can check for any changes in terms and fees throughout the origination and closing processes; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures, including those with a cure to the borrower. In addition, ComplianceAnalyzer with TRID Monitor performs audits for federal high-cost and higher-priced loan regulations, the Secure and Fair Enforcement (SAFE) for Mortgage Licensing Act, state high-cost and anti-predatory regulations, and state license-based consumer lending laws and regulations. The solution can also perform audits for compliance guidelines from secondary market investors and government-sponsored enterprises.
"We are continually focused on providing our clients with the most comprehensive support and automated workflow solutions to support their compliance efforts," said Rich Gagliano, president of the Originations Technologies division for Black Knight. "The Empower software's base integration with ComplianceAnalyzer and the recent expansion to include the TRID Monitor enables our clients to seamlessly interact with these products from Empower."
"ComplianceAnalyzer with TRID Monitor was designed to enable lenders to continuously monitor the entire origination process and support compliance with all TRID regulations," said John Vong, president of ComplianceEase. "Our enhanced integration with Empower will allow us to help more lenders maintain high compliance standards."
Headquartered in the Silicon Valley, ComplianceEase, a division of LogicEase Solutions Inc., is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer®, the mortgage industry's 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. The company's growing client base includes financial institutions, service providers, law firms, GSEs, and three of the top five mortgage lenders in the U.S. ComplianceEase's automated compliance solutions have also been adopted as e-Exam tools by federal and state banking and mortgage regulators. For more information, visit ComplianceEase.com or call 1.866.212.Ease(3273).
ComplianceEase®, ComplianceAnalyzer® and TRID Monitor™ are registered trademarks and trademarks of LogicEase Solutions Inc. All other trademarks are their respective owners.
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