BaseCap Analytics, offering data integrity and automation solutions, is helping mortgage subservicer Cenlar enhance its compliance and deliver a better experience for borrowers through automation.
BaseCap’s technology, which Cenlar is piloting, helps businesses overcome their data management and regulatory reporting challenges by rapidly identifying data inconsistencies, paving the way for swift resolutions and improved accountability and accuracy, the company says in a release.
By leveraging BaseCap’s platform to ensure the accuracy of third-party data, Cenlar expects to fortify its compliance processes for all applicable regulations and increase operational efficiency.
“We are pleased to pilot BaseCap’s solutions in an effort to strengthen our ability to comply with an increasingly complex web of mortgage servicing regulations,” says William Moffett, senior vice president of loan operations for Cenlar, in the release. “Providing greater data transparency aligns with our commitment to using new technology to advance the homeowner experience.”
Cenlar is focused on the ongoing deployment of advanced automation solutions. By working with BaseCap, the company aims to improve the quality of the data to streamline internal processes and enhance productivity.
“By leveraging our proprietary data validation technology, organizations like Cenlar can improve the accuracy of their data in order to make faster decisions and deliver a better, trusted customer experience,” says Steve Smith, CEO at BaseCap Analytics. “We are thrilled Cenlar shares our mission to set a new standard for data integrity and trusted automation.”
