Following a growing industry trend of preventive approach to compliance risk, CoreLogic has integrated compliance and fraud risk mitigation solutions into seven loan origination systems.
“CoreLogic is actively broadening the channels” loan originators can use
CoreLogic’s suite of risk mitigation, LoanSafe, is now integrated with QuestSoft’s Compliance EAGLE, a mortgage compliance review system and available through the Blueberry Relay, Calyx Point, Ellie Mae DataTrac, Harland E3, ISGN MORvision, LPS Empower and OpenClose systems.
Following a partnership with QuestSoft of Laguna Hills, Calif., which specializes in compliance software for the mortgage, banking and credit union industries, CoreLogic integrated the LoanSafe suite directly into the QuestSoft Compliance EAGLE.
Compliance EAGLE enables lender and servicer users to minimize collateral risk and maximize fraud detection starting at loan origination and much faster. It uses automated rule sets to identify regulatory exceptions and simultaneously address fraud and compliance issues.
The goal of the partnership is to offer CoreLogic platform users access to fraud analytics, said Leonard Ryan, president of QuestSoft. Three more Compliance EAGLE integrations of the LoanSafe Suite are expected to be available by the end of summer.
