Compliance EAGLE, QuestSoft’s flagship software, provides lenders with automated compliance review tools to evaluate loan files for adherence to the full range of mortgage lending regulations, including Ability-to-Repay (ATR)/Qualified Mortgage (QM), the TILA-RESPA Integrated Disclosure rule (TRID), the Home Mortgage Disclosure Act (HMDA), the Community Reinvestment Act (CRA), flood determination requirements, NMLS Call Reporting, and state, consumer and local lending laws. The automated risk management solution is integrated with popular loan origination systems including Black Knight Empower, Byte Mortgage Software, Calyx Point/PointCentral, FICS, Fiserv, LendingQB, OpenClose and more. These interfaces enable banks, credit unions and other financial institutions to leverage QuestSoft’s integration with their LOS to access Portfolio Underwriter quickly and easily, minimizing start-up time.
“We designed Compliance EAGLE to automate the entire mortgage lending compliance process in a single system,” said Leonard Ryan, President of QuestSoft. “Portfolio and non-agency lending is making a strong comeback and our customers require automated tools to safely lend and scale this growing area of business. Our integration with LoanScorecard’s Portfolio Underwriter allows our clients to gain confidence that the loans they are originating are compliant from a Fair Lending and QM perspective.”
Ben Wu, Executive Director at LoanScorecard, said, “Portfolio and non-QM are key to differentiating yourself and rapidly growing your mortgage business in today’s lending landscape. Increasingly, lenders must employ integrated, automated technology to save time, costs and reduce errors. We’re pleased to partner with QuestSoft to provide their customers with access to our AUS from within their compliance software—speeding up the loan origination process and at the same time, ensuring fast, consistent, unbiased credit policy application to better serve borrowers and demonstrate Fair Lending.”