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ProLender and QuestSoft Extend Automated Compliance Capabilities

""ProLender Solutions, Inc."":http://www.prolender.com/Home/Home.aspx, a provider of paperless mortgage lending software, announced it has added flood, fraud, and Nationwide Mortgage Licensing System (NMLS) services to its existing interface with ""QuestSoft's"":http://www.questsoft.com/ Compliance EAGLE platform.

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With the two California companies' expanded services, ProLender users have a simpler method to verify flood certifications, fraud compliance, and NMLS license information prior to closing loans.

""The addition of fraud, flood and NMLS services, our existing integration gives our clients a robust set of [COLUMN_BREAK]

compliance tools previously not available,"" said Kevin Roczey, ProLender Solutions president. ""With the overwhelming number of changes in regulations, compliance is more important than ever and now our clients have an easy and verifiable way to ensure compliance is being adhered to correctly.""

Now, ProLender users can choose the services they wish to order from a simple screen within the company's loan management system. After being pulled from the loan record, the data is sent to Compliance EAGLE for evaluation against compliance regulations and standards at the federal, state, and local levels, giving audit results within seconds.

ProLender also tracks the status, date, time, and information of the user who ordered each service, giving an accurate record of the compliance review on every loan. When a document is returned, a copy is automatically archived within ImageCenter, with key information going into the loan record.

""In today's highly regulated mortgage market, automated compliance tools are no longer an option--they're a must,"" said Steve Butler, SVP at QuestSoft. ""ProLender is adding our complete suite of compliance reviews to reduce lender risk and exposure, and ensure the sustainability of every client.""

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.
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