Industry Challenges
Innacurate compliance results due to gaps in data points
Inability to customize compliance assumptions or exceptions
Difficult integrations with legacy systems
Uncertainty of compliance throughout the origination process
The heightened and complex regulatory environment
Incomplete or erroneous data is often not identified at critical process points thereby increasing financial penalty, risks, and fallout
Leaving room for human error. Correcting defective loans is often left to different people who may not have a complete and consistent understanding of the proper required correction
ComplyIO Solution
Architected and developed by people with a history of using technology to transform and revolutionize the mortgage industry and its compliance
Automatically triggered when both data point(s) or milestones change
Independently verifies from API by using MISMO and a flat data file
The first solution designed to efficiently bring compliance testing, monitoring, and the automation of corrective action to the entire origination staff and workflow
Provides detailed-test results geared toward improving user experience
The solution is highly adaptive and customizable to fit the uniqueness of the people, their compliance competency, and the process flow for each lender
Automatic monitoring of government websites to alert us to changes
Detailed exceptions tracking on federal and state level
What Does It Do?
Keys
Manage compliance risk - Identify and correct as quickly as is possible
Efficiently manage file flow - Labor cost, corrective actions, identify real problems, minimize rate lock expiration risk due to delays
Automated customer-specific compliance and policy corrective actions
Company
Designed by expert compliance veterans
Built by LendingPad Loan Origination System, an industry-leading, cloud-based mortgage origination platform
55 federal and state-focused tests
Easily integrates with legacy systems via API
