Comergence adds Excelerate Capital to its client roster
Mortgage lender streamlines its new originator approval process with Comergence’s due diligence and monitoring services
MISSION VIEJO, CA (February 20, 2015) — Comergence, a provider of third-party risk-management platforms for the mortgage industry, announces that it is now providing its originator screening and due diligence services to Excelerate Capital, a mortgage lender based in Irvine, California. Comergence offers a full suite of hands-on and automated services for mortgage originator and appraiser due diligence and profile surveillance.
Excelerate Capital recently began using Comergence’s REALM for Third Party Originators, a proprietary platform with a comprehensive database of over 400,000 records on every licensed mortgage originator in the country. REALM aggregates critical data such as: licensing, criminal and civil records, financial sanctions, as well as bankruptcies and foreclosures. Clients are able to keep current on the status of their third party originators because the REALM platform is updated continuously. The continuous updates help Comergence’s clients remain compliant with state and federal regulations.
“With REALM for Third Party Originators, Excelerate Capital is simplifying its originator approval process and making it more efficient,” said Greg Schroeder, president of Comergence. “By using our due diligence and monitoring services, Excelerate is showing its commitment to quality control and regulatory compliance. We’re very pleased to add them to our growing client base.”
“REALM for Third Party Originators has streamlined our mortgage originator approval process, saving us time and money,” said Mike Thompson, CEO of Excelerate Capital. “The ongoing alerts provided by Comergence enable us to monitor the activities of our brokers and correspondents, which helps ensure we’re not missing anything in terms of due diligence.”
Comergence is a risk management firm specializing in mortgage originator and appraiser due diligence and profile surveillance. Comergence offers a full suite of hands-on and automated services for screening and compliance monitoring. The company has compiled a comprehensive database of 400,000+ records on every licensed mortgage originator plus 100,000+ licensed and active appraisers in the U.S., along with aggregated and appended industry-specific data that provides clients with crucial information for proper third party risk management. For more information about Comergence Compliance Monitoring, visit www.ComergenceCompliance.com or call 714-489-8860. The company can also be followed on Twitter at @comergence.