Comergence Compliance Launches Risk Management Solution for Signing Companies

Comergence extends risk protection for mortgage banks and lenders through release of new software to manage third party risk.
By: Comergence Compliance
 
Dec. 18, 2010 - PRLog -- Orange, Calif., Dec. 12, 2010 –Comergence Compliance Monitoring (CCM), a leading provider of risk management solutions, announces the release of Realm - Signing Agent Edition. Realm is proprietary software of Comergence that creates a holistic approach to managing risk related to parties supporting a loan transaction.  The signing agent edition enables signing companies to comply with investor, wholesale, correspondent and reverse mortgage lenders requirements.

Through this enhanced functionality of Realm, signing companies now have the ability to monitor signing agents and be alerted if a signing agent no longer meets lenders eligibility requirements.

Realm includes functionality to support signing companies’ efforts in creating a fully electronic registration environment. Additionally, Realm allows both the signing companies and signing agents the ability to manage their relationship through the system.

“As lenders and investors look to reduce their risk and increase loan quality in 2011, they are requiring signing agents to submit to our due diligence process, the same as mortgage originators,” said Michael Stallings, EVP of Comergence.  “Lenders need flexible systems like Realm to comply with constant regulatory environment changes.”

For signing agents who are registered with Comergence, Realm enables them to electronically share documentation of their eligibility to perform with any signing company or lender, saving the signing agent both time and expense.

For more information on Realm - Signing Agent Edition, contact Michael Stallings at 714-740-9000.

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Comergence Compliance Monitoring, headquartered in Orange, California, is the mortgage industry’s premier end-to-end solution for third party management and compliance monitoring, providing a comprehensive supplement to in-house GRC programs. Using a variety of best-practice processes, its proprietary Realm monitoring technology and hands-on service protocols, Comergence provides unparalleled simplicity, security and quality. For more information about Comergence Compliance Monitoring, visit www.comergencecompliance.com
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Source:Comergence Compliance
Email:***@comergence.com Email Verified
Zip:92868
Industry:Mortgage, Real Estate, Compliance
Location:Orange - California - United States
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