MIAMI, Sept. 27, 2017 /PRNewswire/ -- Cogent Economics, Inc., a leading provider of workflow solutions for quality, compliance and risk management, today announced an alliance with Wolters Kluwer to seamlessly update quality control and compliance audit checklists in Cogent QC Systems.
The new service is offered through Wolters Kluwer's Quality Control Monitoring Service. The service provides mortgage originators a cost-effective approach to minimizing risk and improving loan quality.
"This solution both streamlines the process of updating audit checklists and takes some burden off our clients' in-house compliance resources," said Hakki C. Etem, CEO of Cogent Economics. "We are very pleased to ally with a quality organization like Wolters Kluwer to help our clients keep up with a rapidly changing regulatory environment."
Wolters Kluwer provides a single repository containing Quality Control guidelines for Government Sponsored Enterprises (GSEs) coupled with Wolters Kluwer's State-Specific Documentation requirements, to assist with updates to a mortgage originator's compliance audit and quality control programs.
"Not only can originators improve loan quality using the service, but they can also reduce the probability of GSE buybacks, eliminate effort and cost associated with monitoring regulatory guidance themselves, and promote compliance best practices across the organization," said Art Tyszka, Vice President, for Wolters Kluwer's Compliance Solutions business. "We're pleased to expand those benefits to a larger group of mortgage originators through our alliance with Cogent."
About Cogent Economics
Founded in 1991, Cogent is a 3-time winner of the Housing Wire Tech100 (2015-17), winner of Mortgage Technology's "Lasting Impact" Awards, and a Top 25 Mortgage Technology Vendor. Cogent has installed systems at over 100 of the top lenders and servicers in the country. Today, Cogent QC Systems guide the loan reviews of trillions of dollars in mortgage originations and millions of servicing records. Visit us at www.cogentqc.com.
About Wolters Kluwer Governance, Risk & Compliance
Wolters Kluwer Governance, Risk & Compliance (GRC) is a division of Wolters Kluwer which provides legal, finance, risk and compliance professionals and small business owners with a broad spectrum of solutions, services and expertise needed to help manage myriad governance, risk and compliance needs in dynamic markets and regulatory environments.
Wolters Kluwer N.V. (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2016 annual revenues of €4.3 billion.
SOURCE Cogent Economics, Inc.