Centralize Controls and Reduce Costs

The 2010 RESPA amendments created new
compliance challenges for lenders trying to get control of fees,
disclosures, and changed circumstances policies. As lenders struggle to
ensure that originators deliver accurate disclosures, ComplianceEase's
loan data shows that the industry continues to violate HUD-1 fee
tolerances on almost 20% of audited loans, costing an average of $1000
in reimbursements for each of those loans, due to incorrect GFEs. RESPA
Auditor™ is an entirely web-based RESPA compliance solution that
reduces the costs and simplifies the challenges of staying RESPA
compliant by centralizing RESPA workflow, controlling revised GFEs and
changed circumstances, automating fee tolerance audits, and providing
reports that pinpoint violations from application to closing and
beyond.
Simplify Your RESPA Compliance

RESPA Auditor is a completely web-based
enterprise compliance solution that combines ComplianceEase's
compliance expertise and innovative technology to ensure that your
disclosures - from initial GFE to final HUD-1 - are accurate and
compliant:
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Control fee increases for changed
circumstances |
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Instantly roll out changes to
corporate policies |
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Determine in one click whether, and
when, revised GFEs are allowed |
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Ensure HUD-1 fees do not exceed 0%
and 10% tolerances of binding GFE |
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Prevent costly reimbursements by
running continuous audits during origination |
Control
your RESPA Workflow

RESPA Auditor's consistent, uniform auditing
and comprehensive record-keeping helps you build an efficient and
compliant origination workflow:
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Keep centralized reports of all loans, their violations, and their reimbursements |
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Management maintains all available changed circumstances in one location |
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Collaborate online while still maintaining a centralized, easily-accessible audit trail |
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Transfer loan data into RESPA Auditor directly from ComplianceAnalyzer |
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Maintain a complete audit trail of who applied changed circumstances, when, and why |
Advanced Features You Can't Find Anywhere Else

RESPA Auditor also offers all of the same benefits that made ComplianceAnalyzer?? the market leader in regulatory compliance:
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Comprehensive support from
ComplianceEase's team of experts
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Tests that highlight and summarize
all violations |
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Detailed reason text and legislative
citations that explain test results |
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Web-based - no software to install -
and accessible from anywhere with web browser |
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Management reports to monitor
progress of originations and reimbursements |
Learn how to take control of your RESPA compliance. Contact a ComplianceEase Client
Manager toll-free at 1.866.212.EASE (3273) or send us an e-mail at
Contact
CE.
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