GMAC Residential Funding Releases Updated Compliance Engine

GMAC Residential Funding, Minneapolis, has launched an enhanced version of its Assetwise Compliance Engine.The latest version has been integrated with ComplianceAnalyzer, a compliance tool developed by ComplianceEase, a Bay Area-based company. GMAC Residential Funding lending partners that use ComplianceEase will be able to access the Assetwise Compliance engine as part of their ComplianceEase subscription. ComplianceEase users will now be given an option to receive a free Assetwise Compliance Engine findings report. The complimentary report will indicate if the loan may be eligible for purchase by GMAC Residential Funding. "Our partnership with GMAC Residential Funding has empowered mortgage lenders with an effective tool with which to determine loan compliance," said Dave Girling, executive vice president of ComplianceEase. "Our integrated compliance solution was developed to specifically address the needs of mortgage lenders by making the loan origination process more efficient, and by helping to increase profitability in an increasingly competitive market." For more information about ComplianceEase, visit http://www.ComplianceEase.com, while the website for the parent of GMAC Residential Funding, Residential Capital Corp. is located at https://www.rescapholdings.com.