SitusAMC’s ComplianceEase Reaches One-Year Milestone Supporting Due Diligence, Quality Assurance for LauraMac Clients
For Media Inquiriesmediarelations@situsamc.com
NEW YORK – April 14, 2022 – SitusAMC, the leading provider of innovative, trusted solutions supporting the residential real estate lifecycle, and LauraMac, a premier SaaS provider to the mortgage capital markets, are proud to announce the one-year anniversary of LauraMac’s implementation of SitusAMC’s ComplianceEase, the industry-leading automated mortgage compliance system. More than 250 clients are currently leveraging ComplianceEase, which is estimated to have saved those clients more than 330 years of manual examiner work.
ComplianceEase is a web-based, automated compliance system that facilitates loan-level reviews to determine if a loan is compliant with federal, state and local laws and regulations. Findings are displayed in an interactive report that includes a proprietary RiskIndicator, which displays an overview of audit results in key risk areas with five levels of severity to allow easy identification of problem areas.
A year ago, ComplianceEase was integrated into LauraMac Review, a due diligence and quality assurance module within LauraMac’s enterprise capital markets system. The integration enables users of LauraMac Review to run comprehensive, loan-level compliance reviews directly within the LauraMac platform, helping streamline and automate loan diligence and quality assurance processes.
“Integrating with ComplianceEase was a no-brainer,” says LauraMac CEO Bob Fulton. “Our SaaS-to-SaaS relationship means faster results for our clients, and ComplianceEase is the gold standard when it comes to compliance.”
To date, ComplianceEase has completed over 90 million loan audits. Users of the LauraMac platform have successfully reviewed over 23,000 loans as a result of the ComplianceEase integration.
“ComplianceEase truly is best-in-class,” says SitusAMC Senior Director Scott McNulla. “Regulators use it, and clients want a RiskIndicator attached to their loans – they ask for it by name.”
Learn more about ComplianceEase at www.situsamc.com/complianceease.
Read more about LauraMac at www.lauramac.com.
SitusAMC is the leading independent provider of technology, strategic outsourcing, talent and advisory solutions to the commercial and residential real estate finance industries. The company helps clients identify and capture opportunities in their real estate businesses through industry-leading services and innovative technologies that drive operational efficiency, increase business effectiveness, and improve market agility across the entire lifecycle of their global real estate activity. For more information, visit www.SitusAMC.com
LauraMac provides an integrated platform for the mortgage industry with products for loan acquisition, third party due diligence, servicing boarding, and document and data management. The LauraMac team is comprised of mortgage professionals who are passionate about innovating and executing for their client’s success. The company has offices in Irvine, CA; Denver, CO; and Seattle, WA. More information can be found at www.LauraMac.com.
Head of Marketing