SoftPro Releases Patriot Act Compliance Product
September 1, 2016
SoftPro released a new Patriot Search product that allows users to comply with the USA Patriot Act.
Available through its business exchange platform, SoftPro’s Patriot Search provides the ability to compare individuals and/or companies from their SoftPro orders to the Specially Designated Nationals (SDN) List maintained by the U.S. Department of Treasury. The USA Patriot Act prohibits financial transactions with persons and organizations listed on the SDN List, and SoftPro’s Patriot Search will ensure that those parties are not prohibited persons or entities before transacting any business with them.
“The new Patriot Search application provides our customers with a quick, easy to use tool to insure their compliance with the USA Patriot Act,” said Joyce Weiland, president of SoftPro. “The complete integration with their SoftPro closing software lets them check against the SDN List without having to rekey any data.”
The application also alerts users to take any further necessary actions with the Department of Treasury. Patriot Search’s reporting capabilities also provide evidence of their search and due diligence that attaches to their SoftPro file.
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