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News < Back Sarbanes Oxley : Technology : Credit Management WellFound Decade and ComplianceEase Form Strategic Alliance Partnership empowers users to achieve loan compliance without custom integration
ComplianceAnalyzer, an Internet-based service, enables comprehensive, automated, loan-level compliance auditing at various points in the origination process. ComplianceAnalyzer leverages sophisticated rules-based decisioning capabilities to bring together automated loan-level anti-predatory lending audits, secondary market investor criteria, consumer credit compliance, and institution-specific compliance policies. Under the terms of this agreement, WellFound Decade has created a repeatable system interface to ComplianceAnalyzer, so that users can seamlessly integrate back-end systems to ComplianceAnalyzer without the time or investment required to do custom integration. Tom Litke, EVP of Marketing and Products at WellFound Decade, explained, ?By leveraging the existing library of source and target adapters of WellFound Decade?s Mortgage Integration Foundation, customers can achieve end-to-end productivity enhancements without custom-developing cumbersome, hard-coded, point-to-point interfaces.? Michael Jackman, a member of the ComplianceEase Advisory Board, added "Our alliance with WellFound Decade means that customers can maximize the benefits of using ComplianceAnalyzer by seamlessly integrating it to back-end systems such as their loan origination systems. Now, instead of having to custom-develop links to connect a company?s computer systems to ComplianceAnalyzer, customers can use WellFound Decade?s pre-built interfaces to quickly and cost-efficiently connect to ComplianceAnalyzer and instantly benefit from its advantages. Today, the ComplianceEase platform empowers lenders with a gateway to insured compliance through a comprehensive, up-to-the-minute, automated compliance engine coupled with an insurance policy backed by an AM Best rated A++ insurer. This is the tool that the industry has demanded to address the myriad of compliance issues, and at the same time mitigates the risk associated with originating non-compliant loans.? Organizations of all sizes have an ongoing struggle with how to comply with a myriad of industry regulations and guidelines, ranging from state and municipal anti-predatory and consumer lending laws, to Federal Truth-In-Lending and RESPA compliance. Dave Girling, EVP of ComplianceEase, explained ?To operate a successful business while minimizing the risk of fines and repurchases, it?s essential to employ a comprehensive, integrated compliance solution. Our partnership with WellFound Decade should enable our users to achieve this with minimal effort and expense.? About WellFound Decade Corporation WellFound Decade Corporation is a leading provider of standards-based business integration software, with a primary focus on the financial services industry. The firm?s time-tested software serves companies of all sizes by improving connectivity and collaboration throughout the enterprise. WellFound Decade?s flagship product, the Mortgage Integration Foundation, empowers companies to rapidly integrate their current internal systems, users, and external partners to produce a highly efficient, more cost-effective end-to-end mortgage lending process ? from origination through closing, to servicing, secondary markets and default management. For more information, please visit www.WellFoundDecade.com. San Francisco, CA-based ComplianceEase, a division of LogicEase Solutions Inc., is a premier provider of intelligent business solutions to the financial services industry. The ComplianceEase platform is the industry's first automated compliance solution to utilize advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions at a fraction of the time and cost of the traditional approaches, while providing better accuracy and integrity. For more information, visit www.ComplianceEase.com. 
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