ComplianceEase, a leading provider of compliance and risk management solutions, today announced that ABN AMRO Mortgage Group (AAMG), one of the leading residential originators and servicers, has chosen ComplianceEase's enterprise-class solutions to help assess and manage internal controls by streamlining continuous adherence to federal and state lending regulations and enhancing its long-term operational risk management strategy.
ComplianceEase provides an Internet-based, open platform solution that provides both a fully featured, Web browser-based application as well as seamless integration with loan origination systems. In addition to dramatically reducing the cost of complying with the ever changing "high-cost" and consumer lending regulations, it also significantly improves a mortgage lender's ability to quantify and mitigate areas of regulatory risk, features that are critical to an effective implementation of the type of internal controls dictated by thorough business process management practices and mandated by recent oversight requirements such as Section 404 of the Sarbanes-Oxley Act.
"As one of the nation's largest mortgage lenders, with a comprehensive internal controls framework, AAMG needed an intelligent application that would reduce the regulatory compliance workload, and make related initiatives easier to manage," said Janet Gordon, AAMG's first vice president of Compliance. "After a thorough review of a number of systems, AAMG chose ComplianceEase based on its ability to reduce the time, resources, and costs associated with compliance in the consumer lending arena. The company's straightforward and low-cost integration, the overall intuitiveness and ease-of-use of its solutions, and the company's track record combined with its substantial customer base all contributed to the selection of ComplianceEase as the clear choice for managing our long-term strategic compliance requirements."
ComplianceEase's automated compliance solution consists of two leading products, ComplianceAnalyzer(TM) and ReportMaster(TM). Both products operate on a common platform, allowing AAMG to unify compliance controls and standardize the monitoring of multiple business entities. ComplianceAnalyzer provides real-time, loan level reports for regulatory compliance audits, supported by detailed analysis. ReportMaster includes role-based dashboards that provide managers with visibility of the enterprise-wide loan quality. As a total solution, ComplianceEase's suite of products enables AAMG to monitor and track the full range of process controls, giving executives and auditors total confidence that their best practices are working effectively.
"Financial services institutions like AAMG are seeking long-term strategic compliance solutions that integrate across multiple enterprise platforms and provide a centralized process for risk management," said David Girling, executive vice president of ComplianceEase. "AAMG's selection of ComplianceEase demonstrates the company's commitment to risk management and its understanding of the value that ComplianceEase's automated compliance solution provides."