Software enhancements improve lender compliance with Safe Act Compliance
October 19, 2015– Mission Viejo, Calif— Comergence, a provider of third party originator and appraiser Safe Act compliance software systems, premiered the fifth generation of its platform today at the 2015 Mortgage Bankers Association (MBA) conference in San Diego.
Comergence provides a proprietary platform with comprehensive, up-to-date database of over 400,000 records on every licensed mortgage originator in the country. Comergence delivers a fast and efficient way for lenders to approve, monitor and manage their relationships with loan originators.
“Comergence is designed to help lenders comply with the Dodd-Frank Safe Act regulations more effectively and efficiently,” said Greg Schroeder, president of Comergence. “Toward that end, the enhancements to our platform increase the software’s efficiencies, and deliver brand new levels of flexibility. We’re particularly excited that our system can now be used with mobile tablets and smart phones.”
Some of the new key benefits of are:
- More alerts notices are now available that give lenders the ability to manage and identify risks associated with their organization’s risk appetite or policies.
- A streamlined, intuitive interface provides better navigation, so users of the system are even more efficient and productive with their time.
“These new features and enhancements significantly increase the utility of our product,” said Schroeder. “As compliance demands increase and shift, lenders look to Comergence to keep them up to date and in compliance with regulations related to Safe Act Compliance. This upgrade enables us to exceed our clients’ expectations.”
Comergence is a vendor and risk management firm specializing in Safe Act Comliance as it relates to mortgage originator and appraiser due diligence and profile surveillance. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring. The company has compiled a comprehensive database of 400,000+ records on every licensed mortgage originator plus 100,000+ licensed and active appraisers in the U.S., along with aggregated and appended industry-specific data that provides clients with crucial information for proper third party risk management. For more information about Comergence, visit ComergenceCompliance.com or call 714-489-8860. The company can also be followed on Twitter at @comergence.