Burlingame, California-based ComplianceEase , a provider of automated compliance solutions to the financial services industry, and Tavant announced that ComplianceEase’s ComplianceAnalyzer, 4506xpress™ and LicenseManager™ solutions are now integrated within the Tavant VΞLOX  product suite—an AI-powered digital lending platform.
“Our solutions leverage state of the art automation technology to deliver compliance and income verification reports,” said John Vong, president of ComplianceEase. “Our integration with Tavant VΞLOX platform will provide borrowers with a more streamlined, digital experience and enable lenders to confidently close compliant loans, faster!”
The integrations allow customers using the VΞLOX suite to seamlessly and securely audit loans for regulatory compliance violations, verify borrower income, and automatically verify mortgage loan originators’ (MLO) license IDs, without leaving the platform. These services can be utilized at any point during the entire loan lifecycle. The VΞLOX platform allows lenders to connect with mortgage-specific data and service vendors. It supplies on-demand data directly from the information source, enabling a simple end-to-end digital mortgage experience for the borrower.
“We’re pleased to partner with ComplianceEase to provide access to their risk management solutions,” said Hassan Rashid, Tavant’s Chief Revenue Officer. “This significant partnership highlights the challenges of complying with ever-expanding regulations and the essential role that VΞLOX can play in alleviating these challenges. The solution helps our clients streamline compliance processes while improving operational efficiencies.”
ComplianceAnalyzer is a real-time auditing solution. It can check for changes in terms and fees throughout the origination and closing processes, audit tolerance across all disclosures and changed circumstances, and track post-consummation disclosures, including those with a cure to the borrower. In addition, ComplianceAnalyzer is the first major compliance solution to be TRID 2.0-ready. It allows lenders to configure their company profile to adopt the new provisions from TRID 2.0, including the threshold for the Total of Payments.
4506xpress, which recently became a Day 1 Certainty® Authorized Report Supplier, uses unique automation technology to streamline the income verification process and ensure accurate tax transcripts that satisfy the demands of lenders, investors, and regulators. LicenseManager ensures lenders and investors that every MLO is licensed and/or registered in the National Mortgage Licensing System & Registry (NMLS) by automatically verifying NMLS IDs, state licenses, and federal registrations.