GMAC, ComplianceEase Join Forces

Published October 25, 2005, 2:00 p.m. EDT

1 Min Read

GMAC Residential Funding, Minneapolis, has entered into an agreement with ComplianceEase that will integrate GMAC Residential Funding's Assetwise Compliance Engine with ComplianceEase's ComplianceAnalyzer.The companies said the integration will create "one of the most comprehensive" compliance systems available. "In addition to auditing loans addressing certain federal, state, and local mortgage loan laws, mortgage lending partners will be able to evaluate their loans against GMAC Residential Funding's specific guidelines regarding 'high-cost' or similarly designated mortgage loans prior to closing the loan," GMAC Residential said. GMAC Residential is a unit of Residential Capital Corp. ResCap and Compliance Ease can be found online at http://www.rescapholdings.com and http://www.complianceease.com.

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