- Integrates Industry-Leading Loan-Level Compliance Auditing Software, ComplianceAnalyzer™, Into Docprep -
Docprep Services, Inc. (Docprep), a leading nationwide provider of loan documents for the mortgage industry, and ComplianceEase, a division of LogicEase Solutions Inc. (ComplianceEase®), today announced a strategic alliance to integrate ComplianceEase's leading-edge ComplianceAnalyzer™ into Docprep's web-based client services.
By combining Docprep's highly efficient document compliance process with "one-click" access to ComplianceAnalyzer's intelligent decisioning system, lenders can now receive unprecedented levels of compliance risk mitigation and added operational efficiencies. With its particular focus on local, state and federal lending laws including anti-predatory legislation, ComplianceAnalyzer ensures Docprep clients of full compliance with continually evolving regulations nationwide.
"While Docprep has been offering compliant mortgage documents for nearly 30 years, today's regulatory environment demands the highest levels of company-wide compliance and intelligent automated decision-making that is provided by ComplianceEase," said Laurence Cohen, managing director of Docprep.
"Seamless integration of advanced mortgage compliance technology that includes an audit just prior to processing loan documents is essential for today's mortgage lenders," said David Girling, executive vice president of ComplianceEase, "so we are delighted to have partnered with Docprep to improve access to our intelligent mortgage compliance solutions."
Docprep provides quality, up-to-date and fully compliant loan-closing documents to residential mortgage lenders, investors, banks and credit unions 24-hours a day. Highly recommended by investors for drawing difficult ARM and HELOC loan programs, users can view and print documents instantly after loan origination system transfer without set-up fees, redraw charges or data re-entry.
ComplianceAnalyzer organizes results of mortgage compliance reviews with threshold and variance analysis, individual itemizations of points and fees tests, reasoning, calculations and citations of relevant legislation in one easy-to-read report. Users may access compliance reviews across all applicable legislation and, when potential violations are detected, the system provides immediate narrative explanations in plain English.
About Docprep Services Inc.
Since 1975, Docprep has been providing compliant loan-closing documents to residential mortgage lenders of every size representing more than $500 billion in mortgages. Today Docprep supports 1,500 investors and clients nationwide with fast, easy and reliable web-based loan document packages 24 hours a day, seven days a week. For more information, visit www.docprepservices.com or call 1.888.261.4333.
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in San Francisco, California, is the premier provider of intelligent business solutions to the financial services industry. ComplianceEase's web-based platform provides the industry's first automated mortgage compliance solution utilizing advanced artificial intelligence reasoning and decisioning technologies and natural language processing. ComplianceEase powers end-to- end solutions at a fraction of the time and cost of traditional methods while providing better accuracy and integrity. For information on ComplianceEase, visit www.ComplianceEase.com or call 1.866.212.EASE.