ComplianceStream™ also gives Financial Services Networks and Compliance Consultancy firms access to Adviser KPI and FSA GABRIEL Management Information, as well as lead source management information and complaints handling.
ComplianceStream provides monitoring of other critical areas of FSA focus such as “lending into retirement”, “loans without repayment vehicle” as well as a host of other definable TCF “steps and checks”.
David Ewing, Managing Director of Ingard commented: “Compliance & TCF Management Information reporting is likely to be one of the most business critical issues for mortgage firms in 2009 and one that Ingard considers to be a top priority. We have worked with MortgageStream™ for some time now and so were among the first to adopt the new ComplianceStream™ centralised reporting facility.
“We train our ARs and DAs to use MortgageStream™ properly to run their own office and client management requirements. This not only makes their own brokerage run compliantly, efficiently and profitably but also uploads critical sales, compliance and TCF data and documents to us in Southend. This data and the accompanying documents enable us to carry out our duties under the FSA to a very high degree of accuracy and produce management information required by the regulator within literally a few clicks. I am glad to report that ComplianceStream™ does not replace the compliance firm, but does make our job a thousand times easier!”
Paul Holden, Sales Director at MortgageStream™ commented, “Our corporate customers have been asking us for centralised reporting and so we set about replicating all of the essential reporting functionalities within MortgageStream™ on a centralised basis. We created ComplianceStream™ specifically for large brokerages with several branch offices, for Networks and for Compliance firms.
“The system utilises the power of Internet Information Services to upload data and documents from hundreds of different users to a central server. The software is quick & easy to use, affordable and scalable. We are delighted to welcome Ingard as a new user of ComplianceStream™ and look forward to developing the system even further with their input”
