SharperLending enhances point-of-sale loan features

SharperLending has expanded its automated loan compliance offerings through a strategic alliance with ComplianceEase, whose Web-based compliance system will be integrated with the SharperLending platform.

ComplianceEase's CA is a decisioning system that automates regulatory compliance processes, with particular focus on federal, state, local and municipal high-cost and anti-predatory lending regulations. Additionally, CA aims to ensure that GSE, Truth in Lending (TIL), RESPA and HOEPA requirements are met during origination. The rules-based engine interfaces with the SharpLending platform to provide real-time loan summary reports and detailed analyses within minutes to lenders at the point-of-sale.

The SharperLending platform has multi-user collaboration, data gathering, application processing and decisioning capabilities, as well as the functionality to bundle all closing services together at a single point of entry.

San Francisco-based ComplianceEase provides business solutions to the financial services industry.

Spokane, Wash.-based SharperLending LLC provides lenders a Web-based platform that orders, stores and manages mortgage products from multiple vendors at a single point of entry.

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