ASURITY INTRODUCES REGCHECK FOR FASTER LOAN PROCESSING AND REAL-TIME COMPLIANCE WITH CHANGING REGULATIONS

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“Two converging trends are driving digital transformation in the mortgage industry today: the need to reduce costs and the need for faster, more customer-friendly loan processes,” said Luc Wimer, COO of Asurity. “RegCheck helps on both fronts, quickly identifying any non-conforming elements of a loan and flagging them for attention and correction. The market introduction was very well received, highlighting the market’s need and demand for an integrated software solution that is powered by compliance and technology experts. “

RegCheck was developed with input from Asurity’s in-house compliance experts and Asurity’s legal partners to provide complete confidence in compliance. The system provides built-in compliance testing and highly precise methodologies that take into account evolving regulations. An interactive PDF compliance report and alert system flag items of data that need attention and correction, reducing the time it takes to identify non-compliant aspects of a loan package. Built-in APIs provide seamless integration with loan creation systems.

Since 2019, overall loan processing expenses have increased significantly due to increased hires to meet the high demand caused by the low mortgage rate environment. At the same time, the buyer of a thousand-year-old home comes to the fore, demanding speed, convenience, fluidity and transparency. Millennials make up 37% percent of the home buying market today, making it a demographic that is increasingly essential for lenders to serve and support.

About Asurity
Asurity is a leader in mortgage technology, driving digital transformation within the mortgage life cycle. The company’s line of products and service offerings go beyond mortgage document creation by supporting the process from inception to closing, ensuring compliance and reducing risk at every stage of the process. process. The award-winning Asurity platform is recognized for its ease of use and integration, which translates into faster closings, lower costs, and more repairable and salable loans. For more information visit www.asurity.com

Contact:

Franci Webster
[email protected]

SOURCE Security

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