Another Compliance Vendor Gets U.S. Patent

San Francisco-based ComplianceEase has been issued a patent for its ComplianceAnalyzer automated compliance tool. The patent -- which follows on the heels of a Mavent patent that was the first received by an automated regulatory compliance vendor to the mortgage industry -- covers ComplianceEase's Automated Compliance System ComplianceAnalyzer. The system examines mortgage loans and produces loan-level reports and analytics with respect to applicable laws and regulations at multiple jurisdictional levels, the company said. The Web-based system includes the use of rules-based artificial intelligence, a mapping of business concepts on the loan to concepts within the rules, and a natural language processor to manage all the compliance rules in plain English sentences. The company, a subsidiary of LogicEase, can be found on the Web at http://www.complianceease.com.