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Compliance. We've got this.

Features

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Every rule, every regulation, in seconds.
For any size lender.


Compliance EAGLE provides you with address verification, testing for Ability-To-Repay (ATR) and Qualified Mortgage (QM) rules, full TRID compliance, identification of loans that qualify for CRA credit, and census/demographic data for identifying emerging market opportunities -- and so much more.

Our unique, automated risk management solution combines QuestSoft’s years of HMDA and CRA compliance expertise and our flagship geocoding product, Instant Geocoder -- along with Mavent’s Expert engine and its comprehensive compliance rule sets -- ensuring the best in compliance results.

hourglass with compliance eagle being inputedCompliance EAGLE features 14 services.
Our competitors offer 1.



Contact QuestSoft information
contactbox_icon3  Call 800-575-4632
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  • Delivers automated file reviews in seconds throughout the origination process, enabling you to identify and correct error exceptions prior to funding the loan
  • Aids in reducing time and expense related to pre- and post-closing audits resulting in quality loan portfolio, which can be retained or sold to secondary market investors
  • Centralizes and automates complex compliance processes previously painstakingly manual or performed by multiple vendors, producing accurate results in seconds
  • Adjusts to fit workflow and budget of any size lender
  • Includes integration with popular LOS systems significantly minimizing start-up delays and installation costs
  • Employs sophisticated proprietary rule sets to identify regulatory exceptions, including:



Truth In Lending (TILA) Review

TILA, or the Truth in Lending Act, was enacted in 1968 to require borrowers to disclose the terms and costs
associated with credit lines and loans. Originally overseen by the Federal Reserve Board, the authority for TILA
was transferred in 2011 to the CFPB (Consumer Financial Protection Bureau).


Federal (HOEPA), State & Local High Cost Threshold Tests

  • Includes HOEPA threshold tests, as well as those enacted by individual states and local governments.

The Home Ownership and Equity Protection Act of 1994 (HOEPA) requires disclosures of high-cost
loans and includes restrictions on lenders. It is now overseen by the CFPB.


Mavent State Consumer Credit Law Review

Utilizing Mavent's Expert Engine, Compliance EAGLE checks for requirements on over 340 state laws, including:

  • Usury Rate Ceilings Percentage Caps.
  • Prohibited Fees.
  • Fee Percentage or Dollar Amount Limits.
  • Higher-Rate, Higher-Risk, Higher-Priced, Subprime, Nonprime, and Rate Spread Loans.
  • Prepayment Penalty Prohibitions and Limitations.
  • Late Fee Dollar Amount Limits and Length of Late Fee Grace Periods.
  • Interest Accrual Start Dates.
  • Negative Amortization Prohibitions.
  • Balloon Payment Prohibitions or Term Limitations.
  • Payment and Term Limitation.

 


Ability To Repay (ATR) / Qualified Mortgage (QM) Rule

Effective January 10, 2014, the CFPB implemented sections 1411 and 1412 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (usually just referred to as "Dodd-Frank"). Generally, this requires creditors to make a reasonable, good faith determination of a consumer’s ability to repay (ATR), and establishes certain protections from liability under this requirement for “qualified mortgages” (QM).

In partnership with LoanScoreCard and Mavent, QuestSoft's Compliance EAGLE was the first automated compliance platform to offer a fully operational QM and ATR solution available through more than ten loan origination systems (LOS).


County Recording Fees Calculations

Compliance EAGLE offers recording fee calculations, based on the county requirements


Title Insurance Fee Calculations

  • Performs accurate title insurance fee calculations to help lenders and borrowers understand costs up-front

The insurance insures protects an owner's or a lender's financial interest in real property against financial loss from defects in title to real property, from the invalidity or unenforceability of mortgage liens, and other related matters.

Instant HMDA Review

  • Reviews HMDA data for individual loans preparing data for future reporting requirements
  • Instant HMDA provides lenders the easiest, fastest and most cost effective Loan-Level HMDA data validity solution available. QuestSoft's best-selling, full-featured product, HMDA RELIEF, is used by thousands of lending organizations for complete and accurate HMDA reporting and submission

Passed in 1975, the Home Mortgage Disclosure Act (referred to as "HMDA" and pronounced "HUMDA") requires financial institutions to report data on home purchases, pre-approvals, improvements and refinance applications.

Geocoding & Address Verification (Census Tract Encoding)

  • Solves geocoding and address verifications rapidly and accurately to meet required reporting data

Financial institutions need to meet the legal requirements to report information on mortgage, business and farm loans, and census tract information must be provided for each reported loan.


OFAC/SSN Review

Identifies issues with OFAC, and offers Social Security Number (SSN) reviews to assist with fraud and risk questions.

OFAC, or the Office of Foreign Asset Control, is part of the US Department of the Treasury and can be used to impose controls on transactions or freeze assets under US jurisdiction.


Community Reinvestment Act (CRA) Review

  • Includes CRA review to help ensure loan adheres to proper legal guidelines
  • For more in-depth analysis, QuestSoft's CRA RELIEF is  a popular product that helps banks and credit unions prepare necessary CRA compliance examination reports.

The Community Reinvestment Act (CRA) was passed in 1977 to reduce discriminatory credit practices against low-income areas (i.e. redlining).


Broker and Lender Licensing Verification

  • Verifies broker and lender licensing is up-to-date before loan is funded to avoid back-end issues and delays

Theory of Lending Review

  • Flags problems before they happen and saves organizations from unnecessary scrutiny

"Disparate Impact" hit the news headlines in regards to mortgage lending, based on the theory that even if a financial institution had no intention of discrimination, it might have crossed the line.


Flood Certifications, Endorsements, Maps & Services

  • Offers flood certifications, endorsements, maps and services to make sure real estate under consideration is properly designated and covered.

A flood cert is a document that states the flood zone status of a property -- and Compliance EAGLE offers flood certifications, endorsements, maps and services to make sure the real estate under consideration is properly designated and covered.

To learn more call (800) 575-4632 or  RequestaDemo_button