PHOENIX–Desert Financial Credit Union said it has implemented IndiSoft’s RxOffice Compliance platform to provide support for residential mortgage originations and servicing quality control.
“We are excited to partner with Desert Financial to support its mortgage originations and servicing risk management operations,” said Hans Rusli, CEO of Baltimore-based IndiSoft. “This is a time when institutions want to ensure they have the most efficient practices in place to save time and money. Our system allows companies to focus on their core business with peace of mind.”
According to the company federal, investor and state mortgage lending and servicing requirements are very fluid, and it is not only critical to have an efficient technology platform from an operational standpoint but ensuring that updates are detected, reviewed and correctly applied is the first step in providing exceptional risk management.
“IndiSoft’s consultative approach to implementing critical risk management technology was an important factor in our selection process,” said Thomas Marlowe, senior vice president of administration with the credit union.
Added Cam Melchoiorre, president and director of regulatory compliance with IndiSoft, “IndiSoft has not only focused on technology-driven efficiencies but has placed particular emphasis on its regulatory change management process. We employ innovative technology in the discovery, review and implementation of changes. Essentially, we provide curated content within our client’s business scope.”
The $6-bilion Desert Financial has more than 340,000 members.