Risk and Compliance Software
This is a compliance and risk management solution for banks and other financial institutions. It complies with the CFPB rules, incorporates investor guidelines and any additional servicer rules to assure holistic compliance. The servicers and sub-servicers can seamlessly adapt to our robust compliance and risk management solution without impacting their existing business processes or technology landscape. It significantly reduces any further compliance costs and allows XML, DTS, and MISMO inputs. It also performs analytics based on proprietary rules and algorithms that reside within the system.
Key Features
- A centrally managed library of more than 2,300 compliance rules that are regularly updated to comply with CFPB rules, investor guidelines, and state guidelines
- A preventive approach to stay ahead of compliance needs and manage risks on the loan portfolio, also to assist with compliance audits by the third parties
- Intuitive and easy to use by both internal audit teams, origination, and servicing departments
- Automated runs on individual files as the data are received, or batch run options, with workflows and notifications
- Advanced Analytics for portfolio-level view, LOB level view (origination), and servicing departments. Highly customizable reports with a choice of visualization tools based on
- tableau or Power BI
Technologies Used
- .Net, MSSQL, Tableau, HTML, JS, AJAX
- Cloud Hosting on Azure & AWS
Advantages
- Pay-per-use model for cost optimization
- Risk and compliance scoring with recommendations to improve the score
- Avoid expensive compliance audit issues through proactive monitoring of files
- Perform risk and compliance analysis at lower marginal costs compared to manual checks