Mortgage Cadence integrates SitusAMC’s ComplianceEase TRID Monitor into LOS
Lenders now able to catch TRID errors throughout the origination process.
KANSAS CITY, MO (May 3, 2023) — ComplianceEase’s TRID Monitor is now integrated with the Mortgage Cadence Platform (MCP), the cloud-based digital lending platform from Mortgage Cadence. The integration helps mortgage lenders monitor loans for TRID errors and correct them before they cause costly delays.
ComplianceEase, an industry-leading automated mortgage compliance system from SitusAMC, ensures TRID compliance by monitoring and auditing loan terms at each point in the lifecycle, including Loan Estimate (LE) and Closing Disclosure (CD) timing, sequencing and tolerance testing, changed circumstances and reasons for redisclosures, and post-consummation cure analysis. ComplianceEase can be seamlessly integrated into loan origination systems and other workflows – with one-click data delivery of audit results to investors and regulators.
MCP is a modern, flexible and intuitive cloud-based LOS designed with an open architecture to meet the needs of a wide range of lenders, across all products and channels. Featuring advanced automation, high-quality analytics and open services strategy, MCP delivers a seamless experience from application to closing.
“We are excited to announce the availability of ComplianceEase’s TRID Monitor in MCP 3.0. The integration allows for further efficiency and seamless multi-disclosure compliance visibility for lenders on MCP,” said Jim Rosen, Executive Vice President of Services at Mortgage Cadence.
“We are delighted to see the successful integration of ComplianceEase TRID Monitor into Mortgage Cadence’s LOS,” said Scott McNulla, Managing Director of SitusAMC. “This provides invaluable assurance to lenders using MCP that loans originated are compliant with TRID regulations, providing peace of mind to investors and secondary market participants when loans are tested and evaluated prior to purchase and securitization.”
About Mortgage Cadence
Mortgage Cadence delivers the industry’s most complete, modern, cloud-based digital lending platform designed to provide an exceptional user experience throughout the entire mortgage lending life cycle, across all channels and products. With a leading borrower point-of-sale through closing collaboration tools, the end-to-end platform is both complete and configurable offering an open-architecture designed to meet the needs of today’s lenders. The platform enables lenders to work more efficiently, leveraging automation and workflow tools that deliver an excellent borrower, sales, and operational user experience. For more information visit www.mortgagecadence.com.
SitusAMC is a leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity. For more information visit www.SitusAMC.com