TREVOSE, PA, September 28, 2015
Trevose, PA., September 28, 2015-- LoanLogics, a recognized technology leader in loan quality management and performance analytics, announced today that it has released the enhancements to its Compliance Audit interface in support of the new TILA-RESPA (TRID) regulations that take affect October 3, 2015. The Compliance Audit interface is found within LoanLogics' LoanHD® platform.
LoanLogics now provides the tools needed to identify, track and trend loan discrepancies and defects related to the use of the new closing disclosures. The result is that clients have the internal communication, training and documentation processes to audit their compliance with the new regulations.
"LoanLogics has completed several TRID enhancements to our Compliance Audit interface to help clients cost effectively evaluate their compliance with TRID and relieve some of their concerns around defects related to these changes," said Brian K. Fitzpatrick, President and CEO of LoanLogics. "Our technology can help drive a culture of lending where teamwork, timing, and tracking are paramount to ensure loan quality and compliance while reducing the manual tasks and associated labor costs."
Among the Compliance Audit interface enhancements made to comply with TRID are the following:
In addition, updates have also been made to LoanLogics’ LoanDecisions™ Product Eligibility and Mortgage Loan Pricing platform. These include changes to the Fees Setup screen and to the existing fee calculations.
For more information about TRID, visit Loanlogics.com/TRID.
LoanLogics was founded ten years ago to improve the transparency and accuracy of the mortgage process, improve the quality of loans and reduce risk to industry participants. LoanLogics serves the needs of residential mortgage lenders, servicers, insurers, and investors that want to improve loan quality, performance and reliability throughout the loan lifecycle. It develops advanced solutions that help clients validate compliance, improve profitability, and manage risk during the manufacture, sale and servicing of loan assets. Achieving these goals was the motivation in the development of our Enterprise Loan Quality and Performance Analytics Platform. To learn more, visit www.loanlogics.com.
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