LSSI and ComplianceEase Form Strategic Alliance
|February 13, 2007|
Further enhances compliance capabilities for mortgage lenders
POWAY, Calif.-- Lender Support Systems Inc. (LSSI)has formed an alliance with San Francisco-based ComplianceEase®, a provider of regulatory compliance and risk management solutions. The alliance will utilize ComplianceEase’s technology to further enhance regulatory compliance with all closing documents created by LSSI.
“This alliance establishes a fully automated solution for further strengthening the quality of our loan closing products,” said Cary Burch, CEO of LSSI. “Lenders face a variety of compliance challenges because of the speed with which local, state and federal regulations are changed. Together, ComplianceEase and our company provide lenders with an effective tool to simplify and speed up the origination process and still meet all relevant regulations.”
ComplianceEase’s automated compliance solution, ComplianceAnalyzer®, is integrated into LSSI’s closing document preparation technology. The solution verifies that all information entered during the loan process meets local, state and federal regulations. Once this step is completed, LSSI’s technology produces the loan closing documents.
"Aligning with LSSI combines our compliance technology with a respected authority on closing documents," said David Girling, president and CEO for ComplianceEase. “Lenders now have an automated system that reduces the burden associated with being in compliance and enables them to focus more on closing loans.”
LSSI’s closing technology includes WebDocs, a Web-based solution offering fast, compliant loan closing documents around the clock, 365 days a year. LSSI recently announced its Docs3D product, a Web-based application developed in ASP, .NET and C# for the accurate creation of loan documents.