has announced that the integration of its flagship compliance solution, ComplianceAnalyzer, with the LoanSphere Empower loan origination system (LOS) has been expanded to include the addition of TRID Monitor. The LoanSphere Empower system is offered by Black Knight
, a provider of integrated software, data and analytics solutions.
The direct integration, along with Black Knight’s orchestration engine automation, allows Empower software clients systematically audit loans for regulatory compliance using ComplianceAnalyzer with TRID Monitor—without user intervention or ever leaving the LOS. ComplianceAnalyzer with TRID Monitor is available to all lenders using the Empower base system.
ComplianceAnalyzer with TRID Monitor can check for any changes in terms and fees throughout the origination and closing processes; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures, including those with a cure to the borrower. In addition, ComplianceAnalyzer with TRID Monitor performs audits for federal high-cost and higher-priced loan regulations, the Secure and Fair Enforcement (SAFE) for Mortgage Licensing Act, state high-cost and anti-predatory regulations, and state license-based consumer lending laws and regulations. The solution can also perform audits for compliance guidelines from secondary market investors and government-sponsored enterprises.
“We are continually focused on providing our clients with the most comprehensive support and automated workflow solutions to support their compliance efforts,” said Rich Gagliano, President of the Originations Technologies Division for Black Knight. “The Empower software’s base integration with ComplianceAnalyzer and the recent expansion to include the TRID Monitor enables our clients to seamlessly interact with these products from Empower.”