Bayview & Lakeview Wholesale, a portfolio and agency mortgage lender, is now using Comergence Compliance's due diligence and monitoring services to ensure that its network of originators are compliant with state and federal regulations.
This includes using Comergence's REALM for Wholesale Originators, a proprietary platform with a comprehensive database of over 400,000 records on every licensed mortgage originator in the country. This allows the company to monitor critical data about its originators in real time, including licensing, criminal and civil records, financial sanctions, as well as bankruptcies and foreclosures.
By staying current on the status of its third-party originators, Bayview & Lakeview Wholesale can ensure compliance with state and federal regulations, as well as monitor risk.