WASHINGTON, Dec. 19,
2023 /PRNewswire/ -- Asurity Technologies, LLC
("Asurity"), a leading provider of consumer lending compliance and
risk management software, today announced the successful
integration of its best-in-class mortgage loan compliance solution,
RegCheck, with MeridianLink, a leading digital lending platform for
financial institutions. The integration enables MeridianLink
LOS users to achieve an exceptional level of transaction-specific
visibility of risk and to gain efficiency in managing compliance
reporting, streamlining processes, and reducing documentation.
RegCheck, recognized for its robust capabilities in ensuring
individual loan-level compliance with mortgage industry applicable
laws and regulations, enables loan officers and compliance
specialists to accelerate loan closings with greater confidence and
accuracy. Leveraging the advantages of innovative technology and
deep domain expertise, RegCheck rapidly identifies root cause
compliance failures in loan applications and pinpoints the specific
data gaps that need to be addressed throughout the loan origination
process, accelerating processing timelines, reducing errors -
ultimately, making loans more serviceable and saleable.
Through the MeridianLink integration, RegCheck will offer users
unparalleled features to enhance their mortgage loan compliance
monitoring. Key features of the integration include:
- Real-time Test Result Review: MeridianLink users can now
review test results directly within the platform, eliminating the
need to generate and store PDF reports for initial analysis. This
feature enables users to promptly identify any compliance issues
and take immediate action.
- Reduced Compliance Reports: RegCheck users can now save
PDF reports only when they are ready to add a copy of the results
to their eDocs folder. This feature significantly reduces the
volume of compliance reports generated, preserving digital
resources, and improving workflow efficiency.
- Customized Reporting: Users have the flexibility to
choose the specific test suites they would like to include in the
PDF report. This customizable reporting feature ensures that
compliance reports are concise, relevant, and tailored to the
unique needs of each user.
Executive Vice President of Asurity
Mortgage Group Software, Julia Sweeney,
commented, "We are pleased to be partnering with
MeridianLink. RegCheck's integration with
MeridianLink will foster significant advancement in mortgage
loan compliance management. We are simplifying the process and
empowering financial institutions to make informed decisions
quickly and efficiently."
For more information about RegCheck, visit
www.asurity.com/regcheck or email info@asurity.com.
About Asurity and RegCheck
Asurity delivers
compliance-focused solutions to the mortgage and consumer lending
industries. RegCheck was developed with input from Asurity's
internal compliance experts and Asurity's legal partners to deliver
complete compliance confidence. The system provides built-in
compliance testing and highly accurate methodologies that take into
account the ever-changing regulations. An interactive PDF
compliance report and alert system point out data elements that
require attention and correction, reducing the time it takes to
identify any non-conforming aspects of a loan package. Built-in
APIs provide seamless integration to Loan Origination Systems. For
additional information, visit www.asurity.com.
About MeridianLink
MeridianLink®
(NYSE: MLNK) powers digital lending and account opening for
financial institutions and provides data verification solutions for
consumer reporting agencies. MeridianLink's scalable, cloud-based
platforms help customers build deeper relationships with consumers
through data-driven, personalized experiences across the entire
lending life cycle.
MeridianLink enables customers to accelerate revenue growth,
reduce risk, and exceed consumer expectations through seamless
digital experiences. Its partner marketplace supports hundreds of
integrations for tailored innovation. For more than 20 years,
MeridianLink has prioritized the democratization of lending for
consumers, businesses, and communities. Learn more at
www.meridianlink.com.
Media Contacts:
Era Williams
Director of Marketing
Asurity Technologies
(214) 257-1763
ewilliams@asurity.com
Becky Frost
MeridianLink
(714) 784-5839
Media@meridianlink.com
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SOURCE Asurity