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Comergence has announced that it is now providing its originator screening and due diligence services to Excelerate Capital, a mortgage lender based in Irvine, Calif. Comergence offers a full suite of hands-on and automated services for mortgage originator and appraiser due diligence and profile surveillance.
Excelerate Capital recently began using Comergence’s REALM for Third Party Originators, a proprietary platform with a comprehensive database of more than 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. Clients are able to keep current on the status of their third-party originators because the REALM platform is updated continuously. The continuous updates help Comergence’s clients remain compliant with state and federal regulations.
"With REALM for Third Party Originators, Excelerate Capital is simplifying its originator approval process and making it more efficient,” said Greg Schroeder, president of Comergence. “By using our due diligence and monitoring services, Excelerate is showing its commitment to quality control and regulatory compliance. We’re very pleased to add them to our growing client base.”
“REALM for Third Party Originators has streamlined our mortgage originator approval process, saving us time and money,” said Mike Thompson, CEO of Excelerate Capital. “The ongoing alerts provided by Comergence enable us to monitor the activities of our brokers and correspondents, which helps ensure we’re not missing anything in terms of due diligence.”