Vesta, the next generation loan origination system (LOS), has formed an integration with ComplianceEase, an automated mortgage compliance system from SitusAMC. This partnership allows Vesta users to access comprehensive, loan-level compliance reviews, to help them resolve errors directly within the Vesta platform with just one click.
In today’s market, staying ahead of compliance risk and regulatory audits is increasingly top of mind for lenders, in addition to increasing margin and efficiency at every step of origination. Web-based products like Vesta and ComplianceEase allow origination teams to improve their compliance review times through automation, enabled by Vesta’s no-code workflow engine that automates key origination activities like running a compliance check. Vesta makes it easy for teams to move quickly, while staying within regulation.
“As regulations continue to evolve, the need to empower operations teams, capital markets, and regulators with more efficient and more compliant processes is clearer than ever,” said Vesta CEO, Mike Yu. “We’re excited to partner with ComplianceEase to enable their automated compliance monitoring directly from our LOS.”
“SitusAMC is excited that ComplianceEase has a new integration with Vesta’s LOS,” said SitusAMC Senior Vice President of Compliance Strategy Sonya McCumber. “This integration is significant because Vesta’s LOS is fully integrated with our Compliance Analyzer solution, including TRID [TILA RESPA Integrated Disclosure] Monitor.”
More than 250 customers use ComplianceAnalyzer to test loans for compliance with federal and state laws. With the addition of TRID Monitor, customers can test multiple loan disclosures to identify and cure TRID fee tolerance errors prior to closing or post-closing.
