Automated Mortgage Compliance Interface will Provide Better Internal Control and Reduce Risk Exposure for Mortgage Originators
SAN FRANCISCO, Calif. – July 19 (SEND2PRESS NEWSWIRE) — ComplianceEase(R), a division of LogicEase Solutions Inc., a premier provider of regulatory compliance and risk management solutions, and VueCentric, Inc., a leading provider of web-based loan origination software, today announced a strategic partnership to integrate ComplianceEase’s automated compliance solution, ComplianceAnalyzer(TM), into VueCentric’s loan origination system, MortgageDashboard(TM).
By leveraging the VueCentric’s WebOrchestra(TM) technology platform, lenders can easily and cost-effectively access ComplianceEase’s flagship solution – ComplianceAnalyzer from within VueCentric’s MortgageDashbord. ComplianceAnalyzer is recognized as the industry-standard automated compliance solution and is used by a wide variety of mortgage companies. ComplianceAnalyzer utilizes advanced rules-based decisioning technology to review loan data against an exhaustive, constantly maintained legal rules library. The solution organizes results of compliance reviews with threshold and variance analyses, individual itemizations of points and fees tests, reasoning, calculations and citations of relevant legislation in one easy-to-read report.
“Up until now, mortgage originators have been unable to keep up with the proliferation of anti-predatory lending laws and measure compliance at the branch level right at the point of sale,” said Eric Aronson, director of business development of VueCentric.”
MortgageDashboard’s web-based architecture provides small and medium-sized lenders with the capability to compete with larger mortgage banking firms by combining powerful and diverse services into a single, affordable solution. VueCentric and ComplianceEase utilize Application Service Provider (ASP) technology platforms, allowing originators to reduce internal implementation, ongoing maintenance expenses and reliance on paper mortgage documents.
“Operational efficiency is very important to successful lenders,” said David Girling, executive vice president of ComplianceEase. “Equipped with ComplianceAnalyzer, VueCentric’s MortgageDashboard will deliver more efficient and better quality loan originations benefiting both lender and borrower.”
ComplianceEase, a division of LogicEase Solutions Inc., is the provider of ComplianceAnalyzer and other premier risk management solutions to the financial services industry. ComplianceAnalyzer, the most advanced and widely used automated mortgage compliance solution, enables lenders to more effectively and efficiently comply with federal, state and municipal lending laws at a fraction of the cost of traditional approaches. ComplianceEase, founded in 2000, is based in San Francisco with offices in Orange County, Manhattan and Redmond, WA. www.ComplianceEase.com.
About VueCentric, Inc.
VueCentric Inc is a privately held Application Service Provider offering MortgageDashboard – a flexible, easy-to-use, secure and high-performance web-based solution for the mortgage industry. Based on the Mortgage Industry Standards Maintenance Organization’s (MISMO) data standards and e-Mortgage guidelines, MortgageDashboard is a targeted solution for Mortgage Banks, Net Branch Providers and Banks. The platform enables paperless mortgage loan processing in real-time, allowing for greater productivity and lower origination costs. VueCentric, Inc. 800-209-8812, www.vuecentric.com.
For more information on this news release, please contact:
Michael Chan of ComplianceEase, 650-373-1111 x1120, m.chan @ ComplianceEase.com, or Jorge Sauri of VueCentric, 512-637-9751, Jorges @ vuecentric.com.
News issued by: ComplianceEase
# # #
Original Story ID: (582) :: 2005-07-0719-001
Original Keywords: ComplianceEase, VueCentric, Inc., mortgage industry, Application Service Provider, Mortgage Banks, Net Branch Providers, ComplianceAnalyzer, MortgageDashboard, WebOrchestra, Mortgage Compliance, Reduce Risk Exposure for Mortgage Originators, San Francisco, California, LogicEase Solutions Inc., web-based loan origination software, automated compliance solution ComplianceEase
News Source: ComplianceEase