Application Processing
Industry Challenges
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Regulatory compliance challenges in today’s mortgage climate include:
- Outdated manual processes
- Complicated compliance spreadsheets
- The need to ensure data accuracy
- Prevention of calculation manipulation by employees
- The need to identify problem loans quickly
- The need to streamline processes
- Minimizing human errors
- Changes requiring constant training
- Knowledge of complex legal issues
- Cognizance of laws of multiple states
- The need to avoid time wasted on processing applications for loans that can’t legally be made
- Preventing last minute fire drills
- Maintaining compliance with agency and investor requirements
- Identification of problem originators
Industry Solutions
To overcome the myriad challenges of regulatory compliance, Interthinx has created a suite of services that delivers automated common compliance checks, data validation, streamlined processes, consistency, and unbiased analytics for all 50 states.
