Source: Associated Software Consultants
Associated Software Consultants, Inc. (ASC), a provider of loan automation software to financial institutions, announced an alliance with San Francisco based ComplianceEase, a provider of regulatory compliance and risk management solutions.
ComplianceEase's automated compliance solution, ComplianceAnalyzer, is integrated into PowerLender 2.3, ASC's Java-based loan origination system (LOS). ComplianceAnalyzer evaluates each loan and ensures that lenders are in compliance with current federal and state consumer lending and anti-predatory lending laws and regulations. The solution provides the lender with a detailed report on the status of each loan including loan summary reports, compliance certifications and exportable management reports.
"This alliance enables us to integrate our all-inclusive compliance solution directly with a leading loan origination solution," said David Girling, executive vice president for ComplianceEase. "Working closely with ASC, we are able to bring a vital and seamlessly integrated compliance tool to PowerLender users."
"PowerLender's integrated loan framework combines flexibility and comprehensive features such as remote document delivery and workflow management," said Tim Liston, president of ASC. "The PowerLender system helps customers through the loan process from origination to close and now has an added compliance solution, which enhances the way many lenders do business."
PowerLender's unique flexibility not only allows financial institutions to customize the way they process loans, but it can also run on a variety of operating systems, including Linux and Windows, as well as databases such as MySQL, Oracle and MS-SQL.