Concentrance Consulting Group, Inc., a small minority-owned business founded in 2000, has rolled out a new version of its technology that automates the compliance review process of MBS Issuers who collectively hold over $1 trillion in outstanding issuance.
The compliance-as-a-service technology, powered by IntelliMime, ensures step-by-step guide review consistency, and enables real-time government agency management complete with a browser view of each compliance review while in process. The system does all of this in a hosted, cloud-based, data-secure environment consistent with Federal Government requirements.
“The technology has a depth to it that is unique,” said Allen Jones, Principal of Concentrance, who went on to say, “IntelliMime takes very complex routines and automates them with reporting, analytics, and dashboards. The system is user friendly and scalable and through workforce optimization can drive down costs and create efficiencies.”
The premise of IntelliMime is to “think-in-sync” so that your best employee’s work is replicated by software in a codified, methodical manner that ensures consistency, protects data security, and enables the optimization of workforce management.
In building out the IntelliMime system, Concentrance envisions a workforce of talented and aspiring employees who may not be presently employed in financial services. With limited training, the IntelliMime technology can offer an entrée to a broader and more diverse workforce.
The Concentrance management team has a 2020 goal to launch its first full production office in Memphis, Tennessee, near both public housing and the home where Concentrance President Karmen Carr was raised.
While Carr succeeded in building a successful career in mortgage finance in the suburbs of Washington, D.C., she intends to launch a workforce in Memphis using the IntelliMime software.
“When you have the opportunity to achieve success and then return to your roots and help others gain financial skills they might not otherwise have had access to—well, it’s very rewarding,” said Carr.
Carr went on to say, “Our work for private sector clients and the federal government is just beginning. We have big goals and our software is applicable to any industry. Give us your most complex process and your most talented employee and we’ll codify and productionalize it. We can then manage it or license the software.”