PCLender.com, a fully hosted Web-based software and services solutions provider to mid sized mortgage bankers and financial institutions, has extended the compliance functionality of its InHouse Mortgage enterprise lending platform to encompass the entire front- to back-end mortgage lending continuum, protected by its SAS 70 Type II-certified security and redundancy enabled infrastructure.
On the front end, the InHouse Mortgage enterprise solution provides initial disclosures and data verification workflow that ensures loan originators gather appropriate information before proceeding, state license tracking, loan program modification and ECOA tracking, the company says.
Reporting tools are incorporated within the enterprise loan origination system to simplify the oversight of all staff including external branches and remote employees. According to PCLender.com, this process quickly summarizes potential compliance issues to validate that the lender's policies and procedures are enforced.
Additionally, integrated business logic is configured to require users to complete specific tasks such as obtaining government monitoring information for Home Mortgage Disclosure Act reporting prior to activities such as running credit reports.
Source: PCLender.com