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San Francisco -- In a time when mortgage lenders are looking at every aspect of their business for possible improvements and cost savings, ComplianceEase here and Guardian Mortgage Documents have expanded their three-year strategic alliance to offer more robust risk management tools for large investors, which will enhance compliance services for correspondent and broker quality control procedures.
Specifically, ComplianceEase, a provider of mortgage industry automated compliance and risk management solutions, and GMD, a provider of document preparation, have jointly developed a seamless interface solution for one of the top five mortgage investors in the United States. The new solution combines compliance and document production into a one-touch, Web-based workflow system, which is available to correspondents and brokers from the investors Web portal. The system allows correspondents and brokers to perform effective real-time, loan-level compliance audits that verify adherence to the investors guidelines and compliance. The new system is unique in that it increases investor loan quality by generating closing documents only when ...
Source: HighBeam Research, Partners Expanding Compliance Program.