ComplianceEase Adds Tool that Speeds Decision-Making


Mortgage compliance software company ComplianceEase has launched a new tool that helps lenders more quickly resolve common compliance issues.

The new tool, DecisionMonitor, helps reduce compliance department backlogs and expenses while accelerating loan decision-making, the company says in a release.

One way it helps cut costs is by decreasing the number of failures that would typically be escalated to a compliance department.

Used in conjunction with the company’s flagship compliance platform, ComplianceAnalyzer with TRID Monitor, DecisionMonitor provides users with detailed instructions on how to resolve common issues in audit findings.

DecisionMonitor can also identify change of circumstances issues, reducing the risk of refunds and buybacks, the company says.

In addition, the system tracks all fees being charged and allows lenders to configure detailed monitoring.

ComplianceEase works with each lender to analyze its audit data and identify their most frequent errors and then develops customized resolution responses.

DecisionMonitor can be implemented on a turnkey basis usually within weeks and without internal IT involvement.

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