Waterstone Mortgage, a wholly owned subsidiary of WaterStone Bank, with assets of more than $1.8 billion, has selected Continuity for its compliance management needs.
More specifically, Waterstone Mortgage is using Continuity’s RegAdvisorPro, RegControls and ControlsBuilder solutions to build a better compliance management system (CMS).
Waterstone Mortgage has experienced rapid growth and is now lending in 43 states, making its compliance needs more burdensome, particularly with regard to new state regulations, Continuity says in a release.
Continuity says with its RegAdvisorPro and RegControls solutions, Waterstone Mortgage will be able to create a unified CMS with centralized methods of tracking compliance efforts, monitoring compliance activity and reporting data.
Prior to partnering with Continuity, Waterstone Mortgage tracked its compliance efforts through elaborate spreadsheets and calendar reminders. Continuity’s solution enabled the lender to streamline its compliance efforts through a centralized system.
In addition, the lender can now take advantage of Continuity’s customization features within ControlsBuilder to create custom reports and controls specific to its specialized lending needs.