In today's market, staying compliant is one of the top issues keeping more lenders up at night.
Interestingly, if you ask 10 lenders what "compliance" means to them, you'll most likely get 10 different answers.
Regardless how you define "compliance" being "out of compliance" will be a problem for your business.
The Solution
At DMD, we don't pretend to be experts in compliance. That would require teams of attorneys backed by a huge staff of people constantly monitoring every possible regulatory and government entity in our space.
Instead, we provide the systems and platforms that you use to accurately capture all of the data about the loans you are originating and funding.
Our clients typically use specialty companies to validate HMDA reporting, high cost loan limits, predatory lending rules, and for the creation of closing document sets.
All of the data needed by these providers lives within DMD's systems. And, we work with them to share that data for their review and evaluation.
Our tools help ensure accuracy through:
Security
You can designate who can view and edit data elements by creating rules that are driven based on the stage of the loan.
Translog
You can see the before and after values for critical data elements including who made the change and when.
Business Rules
You can turn on rules that literally stop the process if a loan isn't ready to advance to the next stage.
DMD's partners provide a smart way to ensure your business stays compliant -no matter how you define it!
For more information, please visit our partner's page.
The Details
If securing peace of mind by staying in compliance is important to you, be sure to ask about it specifically while participating in a demonstration of our solution.