ERS Group, Knoxville, Tenn., has announced the release of software tools to help financial services firms determine their regulatory compliance guidelines under various pieces of mortgage-related federal legislation.The Web-based RiskExec is designed to help financial firms improve productivity by reducing their data management burdens and enhancing communication among their compliance team members, the company said. It consists of software tools "developed specifically for financial services firms and their management teams covering [Home Mortgage Disclosure Act, Community Reinvestment Act], and high-cost loan analyses," said Cary Collins, a principal at ERS Group. "We help clients better manage regulatory and compliance risks by monitoring their ongoing lending processes and by providing appropriate compliance and executive-level reporting on these processes." The company, a subsidiary of Dallas-based SourceCorp, can be found online at http://www.ersgroup.com.
