By ET Bureau - August 20, 2020 2 Mins Read
ComplianceAnalyzer inside VeriFi 4.3, the complete due diligence solution–
Mortgage Industry Advisory Corporation (MIAC), a leading provider of financial analytics solutions, has partnered with ComplianceEase®, the nation’s leading provider of automated compliance solutions to the financial services industry, to offer ComplianceAnalyzer in MIAC’s VeriFi™ 4.3 mortgage asset due diligence software platform.
MIAC’s VeriFi is a powerful, easy-to-adopt residential mortgage asset class due diligence platform. VeriFi provides comprehensive product coverage across retail, wholesale, correspondent, and consumer lenders. MIAC is integrated with an extensive network of vendors and can be deployed easily and quickly scaled up to match business volume with a customizable and intelligent solution. Integrating VeriFi with the industry-leading compliance and risk solution, ComplianceEase, will strengthen VeriFi’s position as the most complete due diligence platform in the market.
ComplianceEase’s flagship platform, ComplianceAnalyzer®, performs real-time, loan-level audits on loan pools for aggregators, investors, and residential mortgage-backed securities (RMBS) issuers. The platform tests for all federal, state, and municipal regulations, including TRID and QM, as well as federal and state high-cost and anti-predatory lending violations. The solution also audits for compliance guidelines set by the secondary market and government-sponsored enterprises. ComplianceAnalyzer is used by many rating-agency approved, third-party reviewer (TPR) firms.
“We are excited about our relationship with ComplianceEase and the integration of their market-leading compliance engine. The ComplianceEase integration further reinforces that VeriFiTM is the leading due diligence software in the industry,” says Joseph A. Furlong, Managing Director of the Due Diligence Group at MIAC.
“This partnership signifies ComplianceEase’s commitment to the secondary market by reducing due diligence costs, reducing risk, and improving execution efficiency for lenders and investors,” said Michael Jackman, CEO of ComplianceEase.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
A Peer Knowledge Resource – By the CXO, For the CXO.
Expert inputs on challenges, triumphs and innovative solutions from corporate Movers and Shakers in global Leadership space to add value to business decision making.Media@EnterpriseTalk.com