Comergence providing originator due diligence services to Privlo Wholesale

Non-agency mortgage lender streamlines its new originator approval process with Comergence’s due diligence and monitoring services

MISSION VIEJO, CA (September 24, 2014)  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 Privlo Wholesale, a provider of private real estate loans for high-quality borrowers with non-conforming credit characteristics. Comergence offers a full suite of hands-on and automated services for mortgage originator and appraiser due diligence and profile surveillance.

Privlo Wholesale 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. Because the REALM platform is updated continuously, clients are able to keep current on the status of their third party originators, helping to ensure compliance with state and federal regulations.

“Privlo Wholesale is streamlining its originator approval process by using REALM for Third Party Originators,” said Greg Schroeder, president of Comergence. “We’re delighted to add Privlo to our growing client base. By using our due diligence and monitoring services, Privlo has demonstrated a strong commitment to quality control and regulatory compliance.”

“REALM for Third Party Originators is simplifying our mortgage lender approval process, making it more efficient and saving us money,” said Tamara Lewis, vice president of operations with Privlo. “We especially like the ongoing alerts provided by Comergence. The alerts monitor the activities of our originators to help make sure we haven’t missed anything.”

About Comergence
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 or call 714-489-8860.  The company can also be followed on Twitter at @comergence.

About Privlo Wholesale
Privlo Wholesale, a division of Privlo, Inc., is a wholesale lender dedicated to providing its broker partners with innovative non-agency, non-qualified mortgage (non-QM) products. Privlo Wholesale offers a tremendous opportunity for wholesale partners to expand their business by lending to high-quality borrowers whose finances are complex but creditworthy.Founded in 2011, Privlo is based in Pasadena, California. For more information about Privlo Wholesale, visit, email, or call 844-774-8561.

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