ComplianceEase, a division of LogicEase Solutions, is introducing a risk management product that allows mortgage originators to comply with high-cost and anti-predatory lending legislation.

 

“(PredatorAnalyzer AssureCert) provides detection and prevention of violations, as well as indemnity against potential legal consequences of non-compliance with federal, state and local high-cost and anti-predatory lending regulations,” said David Girling, EVP.

 

Girling said the product was designed in response to industry demand for compliance systems that provide greater accuracy and better protection.

 

PA AssureCert covers losses due to fines, penalties, judgments and secondary market transaction losses. It is available for loan-level production of up to $300,000 with a coverage period of five years.

 

Other coverage criteria includes first or subordinate lien positions, open- or closed-end credit, conventional or government loan programs, any property types up to four units, no restriction on loan-to-value or combined loan-to-value ration and no credit score or credit grade restriction, according to Jason Roth, VP of product development.

 

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

***

Send a Letter to the Editor for publication.
Send a comment or news tip to our
newsroom.
Please include the headline of the story.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Leaders from across the industry answered our call to come to Inman Connect and share essential advice for leveling up your 2021.SEE THE SPEAKERS×
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription