Fiserv is Teaming Up With ComplianceEase
Fiserv Lending Solutions-Portfolio Services' comprehensive regulatory compliance audits will be powered by ComplianceEase, a mortgage industry provider of automated compliance services, and backed by AssureCert, an exclusive loan-level compliance warranty, under a deal reached between the firms.
Fiserv Lending Solutions-Portfolio Services and ComplianceEase, a division of LogicEase Solutions, said they reached a strategic alliance through which FLS-PS will use ComplianceEase's automated compliance solution, ComplianceAnalyzer, as the exclusive compliance component of their due diligence service offering for the capital markets.
Fiserv Lending Solutions-Portfolio Services is a professional services firm specializing in the assessment and mitigation of risk inherent to the acquisition of residential mortgage asset classes by the capital markets. FLS-PS facilitates this process across all aspects of the due diligence spectrum by creating custom solutions, rather than stock products, in accordance with a partner's risk policy. The new division utilizes leading technology to provide the industry's most complete and state-of-the-art due diligence solutions.
Fiserv Lending Solutions-Portfolio Services selected ComplianceEase's flagship product, ComplianceAnalyzer, after extensively reviewing available systems in the marketplace, the companies said in a news release. ComplianceAnalyzer empowers FLS-PS professionals to obtain instant compliance audits that address federal, state and local anti-predatory lending legislation, as well as state license-based consumer credit laws and regulations. Through the use of ComplianceAnalyzer, all eligible loans will be further strengthened by ComplianceEase's AssureCert warranty protection. AssureCert provides compliance indemnification coverage of up to $250,000 per loan
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