Get an Automated Compliance Check for All of Your Loans
It’s there, lurking around the corner. The compliance
violation that could send your company reeling. The
accidental error that could result in a forced buyback, a
hefty fine or even a lawsuit from a borrower or consumer
agency. So how do you catch it before it catches you?
You could rely on a manual process. Or wait until after
the loan closes. But with all of the complex federal and
state residential mortgage lending laws and regulations out
there, you could be taking a risk that your company can’t
afford.
The Encompass Compliance Service can help you take the
stress out of regulatory compliance with a simple automated
check for potential violations. You run the service right in
Encompass360™. With an instant loan file check against a
variety of regulations and an easy pass/fail system, you’ll
know if you’re ready to move forward or if there are
problems to address first.
The Encompass Compliance Service is powered by Mavent®
technology, which is used by some of the nation’s largest
financial institutions to help them manage compliance risks.
Fannie Mae and over 100 lending institutions in the United
States use Mavent technology and Mavent has processed over
28 million loan reviews.
It’s time to make a compliance service part of your
business process. Not only can you lessen risk but you could
also improve your loan quality. That could mean better
pricing, better service, easier sales to investors—and a
competitive edge in a challenging market.
»Learn more about
the Encompass Compliance Service
