ORLANDO, Fla., June 12, 2017 /PRNewswire/ -- ComplianceEase®, the nation's leading provider of automated compliance solutions to the financial services industry, announced today at the 2017 American Bankers Association (ABA) Regulatory Compliance Conference that ABA – through its subsidiary the Corporation for American Banking, LLC – has endorsed ComplianceAnalyzer® with TRID Monitor™, the residential mortgage industry's leading compliance risk management platform. ComplianceAnalyzer with TRID Monitor is the first automated mortgage compliance solution to be included as an ABA Endorsed Mortgage Lending Solution.
The selection of ComplianceEase for this exclusive endorsement in the mortgage compliance software space followed a comprehensive, multi-year due diligence process that included extensive review and analysis of the company's product, client-service standards, product development roadmap and ethos, strength of company leadership, and financial soundness. ABA members receive significant advantages in mortgage origination compliance technology and support, as well as discounted pricing.
ComplianceAnalyzer with TRID Monitor was selected based on its position as the mortgage banking industry's most comprehensive, real-time TRID auditing and monitoring solution. The solution enables bankers of all sizes to improve asset quality and value, reduce compliance risk, negotiate better execution with secondary market investors, and capture data needed to prepare lenders for regulatory exams. ComplianceAnalyzer with TRID Monitor allows lenders to insert flexible TRID compliance controls into their workflows. It can be used at any point in the lending process and across multiple origination channels. The product can also be used for pre- and post-close quality control and securitization due diligence. NMLS Check can confirm licenses and registrations for bankers.
"Providing access and securing special member discounts to comprehensive mortgage solutions allows us to better support our members," said Bryan Luke, chairman of ABA's Endorsed Solutions Banker Advisory Council and president and COO of Hawaii National Bank in Honolulu. "The endorsement allows us to provide our members with a best-of-breed solution that ensures they originate loans that meet investors' and regulators' compliance expectations."
"We're honored to receive this endorsement and partner with ABA members to help make the mortgage origination process less challenging, more streamlined and always compliant," said John Vong, president of ComplianceEase.
ComplianceEase has provided automated mortgage compliance technology to financial institutions of all sizes, including three of the top five financial institutions in the nation, for more than 15 years. For more information on this and more ABA endorsed solutions, visit www.aba.com/endorsed or call 1-800-BANKERS.
About American Bankers Association
The American Bankers Association is the voice of the nation's $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans. Learn more at www.aba.com.
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 1.866.212.3273.
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