PathSoftware has integrated ComplianceEase’s automated compliance solution with its cloud-based mortgage loan origination software (LOS), the companies announced.
The integration will enable Path users to automatically audit loans for regulatory compliance violations, using ComplianceAnalyzer with TRID Monitor without ever leaving the LOS.
“Having the ability to automatically audit loans at every step in the origination, closing and post-closing process is vital in today’s ever-changing regulatory environment,” PathSoftware Director of Sales and Support Doug Mitchell said in a release. “We’re pleased to partner with ComplianceEase to help our financial institution clients improve loan quality, reduce compliance risk, and capture the data needed to prepare for regulatory exams.”
ComplianceAnalyzer with TRID Monitor is a real-time TRID auditing solution.
“We developed ComplianceAnalyzer with TRID Monitor to deliver in seconds comprehensive loan-level compliance reports supported by detailed regulatory and cure analyses, exception tracking and reporting,” ComplianceEase Senior Vice President Dan Smith said. “Our integration with Path will allow us to help more lenders improve efficiency, as well as give them greater confidence in the loans they’re originating.”