Press
Comergence Wins Innovations Award from Progress in Lending Association
Comergence’s REALM due diligence technology for TPOs and appraisers recognized as original and pioneering
MISSION VIEJO, CA (March 30, 2015) — Comergence, a provider of vendor management SaaS platforms for the mortgage industry, announces that it has received an Innovations Award from Progress in Lending Association.
The honor was presented at a March 29th award ceremony that marked the opening of the Mortgage Bankers Association’s National Technology in Mortgage Banking conference in Orlando, Florida.
The Progress in Lending Association Innovations Awards recognize solutions that were introduced into the mortgage industry during 2014 that changed the industry for the better. Nominations were scored on a weighted scale based on the innovation’s overall industry significance, originality, positive change, hard cost, time savings and intangible efficiencies.
“We are delighted to receive this award from the Progress in Lending Association, which plays a significant role in promoting mortgage industry innovation,” said Greg Schroeder, president of Comergence. “This recognition is proof that our vendor management platforms, REALM for Third Party Originators and REALM for Appraisers, provide the mortgage industry with due diligence solutions that make sense, simplifying the process for lenders, originators, appraisers and appraisal management companies (AMCs).”
Using a variety of best-practice SaaS processes, proprietary monitoring technology and hands-on service protocols, Comergence provides lenders and appraisal management companies with tools that review and continually monitor registered mortgage loan originators and appraisers. REALM for Third Party Originators continuously aggregates critical data lenders need to manage their relationships with third party originators.
With REALM for Appraisers, appraisers pay a low annual fee to set up a single online profile that can be shared electronically with any AMCs and lenders they choose, saving them the time and cost of having to submit themselves to verification every time they want to work with a new partner. REALM for Appraisers gives AMCs online tools to efficiently and cost-effectively meet all regulatory requirements.
About Comergence
Comergence is a vendor management firm currently 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.
About the Progress in Lending Association
The Progress in Lending Association was formed to provide thought leadership to lending professionals about how to create process efficiencies through a combination of sound business strategies and technology. The association and the ideas generated within it aim to help lenders provide a more trusted and transparent process for both consumers and investors, leading to a better overall experience for all parties involved.