Vesta, a loan origination system (LOS) provider, has completed an integration with ComplianceEase, an automated mortgage compliance system from SitusAMC.
The partnership allows Vesta users to access comprehensive, loan-level compliance reviews in order to help them resolve errors directly within the Vesta platform with just one click.
Web-based products like Vesta and ComplianceEase allow origination teams to improve their compliance review times through automation, enabled by Vesta’s no-code workflow engine that automates key origination activities like running a compliance check. Vesta makes it easy for teams to move quickly, while staying within regulation, the companies say.
“As regulations continue to evolve, the need to empower operations teams, capital markets and regulators with more efficient and more compliant processes is clearer than ever,” says Mike Yu, CEO of Vesta. “We’re excited to partner with ComplianceEase to enable their automated compliance monitoring directly from our LOS.”
“This integration is significant because Vesta’s LOS is fully integrated with our Compliance Analyzer solution, including TRID Monitor,” adds SitusAMC’s Sonya McCumber.
More than 250 SitusAMC customers use ComplianceAnalyzer to test loans for compliance with federal and state laws. With the addition of TRID Monitor, customers have the ability to test multiple loan disclosures to identify and cure TRID fee tolerance errors prior to closing or post-closing.