BURLINGAME, Calif. – ComplianceEase, a provider of automated compliance solutions to the financial services industry, announced that its flagship compliance management platform, ComplianceAnalyzer with TRID Monitor, has been named one of PROGRESS in Lending’s Top Innovations of 2017.
PROGRESS in Lending’s Innovations Awards recognize seven innovations that have made a positive difference in the mortgage industry. Applications were scored on a weighted scale based on the innovation’s overall industry significance, originality, positive change, intangible efficiencies, and hard cost and time savings.
The company said ComplianceAnalyzer with TRID Monitor was selected because it is the only solution available in the market designed for auditing multiple disclosures. It can check for any changes in terms and fees throughout the origination and closing processes; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures, including those with a cure to the borrower. In addition, ComplianceAnalyzer with TRID Monitor improves lender efficiency via its intelligent workflow that delivers compliance decisions in seconds, comprehensive loan-level reports supported by detailed regulatory and cure analyses, exception tracking and reporting, and one-click delivery of loan portfolios to investors and regulators, the company said.