Mortgage Cadence Adds Leading Compliance Auditing and Monitoring Solution to its Loan-Origination Platform

Mortgage
Cadence, an Accenture (NYSE: ACN) company, has integrated ComplianceAnalyzer®,
a leading compliance solution from ComplianceEase®, with the
Enterprise Lending Center (ELC), Mortgage Cadence’s proprietary
loan-origination platform. The integration enables ELC users to
systematically audit loans for regulatory compliance without leaving the
platform.

ELC facilitates lending for forward and reverse mortgages in retail,
wholesale and correspondent lending channels and across a multitude of
mortgage products, including home equity lines of credit. The
integration of ComplianceAnalyzer provides a comprehensive,
real-time auditing and monitoring solution within the ELC.

“The cost to produce a loan has been on the rise, largely because of
compliance demands that have given way to inefficiencies and slower
speed to close for many lenders,” said Trevor Gauthier, Mortgage
Cadence’s president and chief operating officer. “Mortgage Cadence is
committed to providing lenders with the tools to help solve for these
increased compliance demands, and our integration with ComplianceAnalyzer
will do just that.”

ComplianceAnalyzer enables lenders of all sizes to improve asset
quality and value, reduce compliance risk, negotiate better execution
with secondary market investors, and capture the data needed to prepare
lenders for regulatory exams. The solution performs audits for federal
high-cost and higher-priced loan regulations, the Secure and Fair
Enforcement for Mortgage Licensing Act, state high-cost and
anti-predatory regulations, and state license-based consumer lending
laws and regulations, as well as compliance guidelines from secondary
market investors and government-sponsored enterprises. It also performs
TRID, RESPA 2010 and pre-2010 forms tests to validate California’s per
diem interest calculations, a key differentiator in the market, as
compliance for California originators remains a top priority to avoid
penalties and fees.

“Our automated loan-level compliance technology helps lenders comply
with federal and local regulations and minimize operational risks,” said
John Vong, ComplianceEase’s president. “We’re pleased to partner with
Mortgage Cadence to help more lenders improve loan quality, reduce risk
and increase profitability.”

About Mortgage Cadence

Since 1999, Mortgage Cadence, champions of the lending process, have
been providing the best people, process and technology for enterprise
and mid-market lenders who desire to deliver an exceptional borrower
experience. From point-of-sale through post-closing Mortgage Cadence
offers reliable software and dedicated people, supporting lenders every
step of the way. Visit www.mortgagecadence.com
for more information.

About ComplianceEase

Headquartered in the Silicon Valley, ComplianceEase®, a
division of LogicEase Solutions Inc., is a leading provider of risk
management solutions to the financial services industry.
ComplianceEase’s patented platform includes ComplianceAnalyzer®,
the mortgage industry’s most adopted automated compliance solution with
the most comprehensive TRID auditing. ComplianceEase combines regulatory
expertise with innovative technology to power end-to-end risk management
solutions that help financial institutions improve compliance controls
and increase profitability. The company’s growing client base includes
financial institutions, service providers, law firms, GSEs, and three of
the top five mortgage lenders in the U.S. ComplianceEase’s automated
compliance solutions have also been adopted as e-Exam tools by federal
and state banking and mortgage regulators. For more information, visit ComplianceEase.com or
call 1.866.212.3273.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180712005088/en/

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