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Comergence Adds Verus to its Client Roster

NationalMortgageProfessional.com
Feb 17, 2015

Comergence has announced that it is now providing its originator screening and due diligence services to Verus, a residential mortgage investor based in Washington, D.C. Comergence offers a full suite of hands-on and automated services for mortgage originator and appraiser due diligence and profile surveillance.

Verus, which purchases non-prime mortgage products through correspondent lenders, recently began using Comergence’s REALM for Third-Party Originators. REALM is a proprietary platform with a comprehensive database of over 400,000 records on every licensed mortgage originator in the country. REALM aggregates critical data such as:  licensing, criminal and civil records, financial sanctions, as well as bankruptcies and foreclosures. Because the REALM platform is updated continuously, clients are able to keep current on the status of their third-party originators, helping to ensure compliance with state and federal regulations.

"We’re delighted that Verus chose REALM for Third-Party Originators to screen its correspondents,” said Greg Schroeder, president of Comergence. “By using our due diligence and monitoring services, Verus is simplifying its originator approval process.”

“REALM for Third Party Originators not only streamlines our mortgage originator approval process, it also helps ensure Verus is compliant and isn’t missing anything in terms of due diligence,” said Dane Smith of Verus. “Comergence’s comprehensive database and their ongoing alerts allow us to monitor the activities of our correspondents, ultimately saving us time.”

Published
Feb 17, 2015
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