Industry News

Software reduces research time for real estate loan compliance

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QuestSoft, a provider of Home Mortgage Disclosure Act and Community Reinvestment Act compliance solutions and geocoding services for lenders, announced the release of the latest version of the company's Instant Geocoder software system, which uses the up-to-date census tract demographic information to help lenders and brokers determine a potential loan's compliance value and marketability before issuing a loan quote. Instant Geocoder 1.8 includes the most recent postal and census data along with new search and cross-reference features, and aims to reduce the amount of time spent researching loans for compliance. The geocoding software enables users to cross reference cities with corresponding ZIP codes even in the event of a misspelling or incorrect ZIP code entry. The software enables users to view alternative addresses instantly when inaccurate data has been entered. Instant Geocoder is available in both Windows and XML-based versions and uses the same data set for both products....