Burlingame, Calif. - July 17, 2018 - ComplianceEase®, the nation's leading provider of automated compliance solutions to the financial services industry, and Tavant announced today that ComplianceEase's ComplianceAnalyzer®, 4506xpress™ and LicenseManager™ solutions are now integrated within the Tavant V☰LOX product suite—the leading AI-powered digital lending platform.
The integrations allow customers using the V☰LOX suite to seamlessly and securely audit loans for regulatory compliance violations, verify borrower income, and automatically verify mortgage loan originators' (MLOs) license IDs, without leaving the platform. These services can be utilized at any point during the entire loan lifecycle. The V☰LOX platform allows lenders to connect with mortgage-specific data and service vendors. It supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower.
ComplianceAnalyzer is the most comprehensive real-time auditing solution available in the market. It can check for 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 is the first major compliance solution to be TRID 2.0-ready. It allows lenders to configure their company profile to adopt the new provisions from TRID 2.0, including the threshold for the Total of Payments (TOP).
4506xpress, which recently became a Day 1 Certainty® Authorized Report Supplier, uses unique automation technology to streamline the income verification process and ensure accurate tax transcripts that satisfy the demands of lenders, investors, and regulators. LicenseManager ensures lenders and investors that every MLO is licensed and/or registered in the National Mortgage Licensing System & Registry (NMLS) by automatically verifying NMLS IDs, state licenses, and federal registrations.
"Our solutions leverage state of the art automation technology to deliver compliance and income verification reports," said John Vong, president of ComplianceEase. "Our integration with Tavant V☰LOX platform will provide borrowers with a more streamlined, digital experience and enable lenders to confidently close compliant loans, faster!"
"We're pleased to partner with ComplianceEase® to provide access to their risk management solutions. This significant partnership highlights the challenges of complying with ever-expanding regulations and the essential role that V☰LOX can play in alleviating these challenges. The solution helps our clients streamline compliance processes while improving operational efficiencies," said Hassan Rashid, Tavant's Chief Revenue Officer.
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, call 1.866.212.Ease(3273), or visit them on LinkedIn.
Tavant V☰LOX is the industry's leading AI-powered digital lending platform that maximizes the use of data-driven processes in the automation of the loan origination lifecycle. It brings true digital disruption to the mortgage industry with an immersive omnichannel experience and high-velocity execution: from loan discovery to loan funding to loan servicing.
About Tavant Technologies
Headquartered in Santa Clara, California, Tavant Technologies is a digital products and platforms company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 2500 people and is a recognized top employer. Tavant is creating an intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration. Follow Tavant on LinkedIn and on Twitter.
Campbell Lewis Communications