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
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,”
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