ComplianceEase, a Burlingame, Calif.-headquartered provider of compliance and risk management solutions for the financial services industry, has expanded technology and services in ComplianceAnalyzer, the company's flagship product. The company says the enhancements are intended to enable lenders to originate higher-quality Federal Housing Administration (FHA) insured mortgages more efficiently.
Specific FHA-requirements testing within ComplianceAnalyzer assists lenders and investors to easily audit and pinpoint issues regarding disclosures, recalculation of APR, payment schedules and calculation of FHA mortgage insurance premiums – in addition to all of the applicable federal, state and local regulatory compliance tests that are specific to how a lender is licensed at the state level.