Asurity Technologies – formerly Treliant Solutions – has rolled out a new integrated best-in-class compliance platform for the mortgage industry, dubbed RegTech.
The new solution combines technologies from Treliant Solutions, which recently became Asurity Technologies, as well as Risk Management Solutions Inc., which Asurity recently acquired. It also includes technology from Mortgage Resources Group, which Asurity recently invested into.
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The new, integrated compliance platform was built by “true compliance experts with state-of-the-art information security and infrastructure utilizing leading edge technology,” the company says in a press release.
The platform empowers lenders to establish compliance through RiskExec, a SaaS analytic solution, to proactively manage fair lending and redlining risk and submit for the Home Mortgage Disclosure Act (HMDA) and Community Reinvestment Act (CRA).
It also provides an individual mortgage loan compliance solution, MRG Docs, which generates exceptionally accurate residential mortgage documents compliant with all local, state, and federal consumer compliance regulations.
Asurity will be announcing the addition of new solutions to its platform in the months ahead.
“By bringing RiskExec and the MRG mortgage documents and loan origination compliance solutions onto Asurity’s platform, we are advancing our goal to deliver leading compliance solutions to our financial services clients built in an advanced information security environment,” says Andrew L. Sandler, chairman of Buckley Sandler, CEO of Treliant Risk Advisors and founder of Asurity Technologies, in a release. “We believe our Asurity solutions, developed on a strong technology platform and designed by experienced compliance professionals, will deliver significant economic value in a trustworthy, secure, and user-friendly way that helps our clients navigate the increasingly complex and difficult compliance challenges posed by the regulatory environment in which they operate.”
“I am excited to be able to work with Dr. Anurag Agarwal, architect of the RiskExec solution suite, and Michael Riddle, founder of MRG, and his team of experienced mortgage lawyers, led by Marsha Williams, in this exciting venture,” Sandler adds.
“After developing RiskExec to address fair lending and CRA regulatory requirements and HMDA reporting compliance failures, reaching the next level required a level of compliance expertise, time, and investment that would have taken our small company years to develop,” Agarwal adds. “The opportunity to join the powerful platform being built by Asurity Technologies has enabled our RiskExec team to accelerate our vision and deliver to the financial services market a more dynamic and complete set of solutions through an exceptionally secure technology infrastructure.”
“Prior to joining Asurity, our MRG team was able to offer the most complete and compliant mortgage documents available to the mortgage industry. Now we have the resources to add new and exciting compliance products and deliver MRG Docs on an advanced and fully secure technology platform,” says Michael Riddle, founder and president of MRG Docs. “Now that we are on the Asurity platform, we can offer our clients a much more robust and complete set of compliance solutions.”
Asurity Technologies will formally debut its compliance platform at the ABA Regulatory Compliance conference on June 11 in Orlando, Fla.