Integration enables users to audit in real-time without leaving their LOS
ComplianceEase, a provider of automated compliance products, has integrated its ComplianceAnalyzer with LendingPad, a cloud-based loan origination system.
With this integration, LendingPad users do not have to leave their LOS to make real-time audits for regulatory compliance violations. ComplianceAnalyzer audits both first mortgages and home equity loans and lines for federal, state, and local requirements such as state predatory lending issues, changes in terms and fees, and more.
"We designed LendingPad with the needs of today’s lender in mind," said Wes Yuan, managing director of WEI Technology. "By integrating with the most comprehensive auditing solution in the market, we’re helping our lender customers not only ensure regulatory compliance, but also become more efficient."
“With origination volume down and costs to close up, lenders are looking to technology for a competitive edge,” said Sanjay Tibrewal, senior vice president of product management for ComplianceEase. “Our integration with LendingPad helps more lenders streamline compliance processes to help accelerate closing, deliver a better borrower experience, and ultimately grow their businesses.”
Read More: LendingPad Review
