The Mortgage Industry Advisory Corporation (MIAC) has announced that it now offers ComplianceEase’s flagship platform, ComplianceAnalyzer, on its mortgage asset due-diligence software.
The companies partnered to integrate ComplianceAnalyzer with MIAC’s VeriFi software to lower due diligence costs, reduce risk, and improve execution efficiency for lenders and investors.
VeriFi delivers comprehensive product coverage across retail, wholesale, correspondent, and consumer lenders. With its extended network of vendor, the software can be quickly expanded to match business volume.
Meanwhile, ComplianceAnalyzer provides real-time, loan-level audits on loan pools for aggregators, investors and residential mortgage-backed securities issuers. The platform also audits for compliance guidelines set by Fannie Mae, Freddie Mac, and the secondary market.
“We are excited about our relationship with ComplianceEase and the integration of their market-leading compliance engine. The ComplianceEase integration further reinforces that VeriFi is the leading due diligence software in the industry,” said Joseph Furlong, managing director of the due diligence group at MIAC.