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The Cost of Non-Compliance: What Mortgage Lenders Risk and How Technology Can Help
In today’s regulatory environment, mortgage lenders and investors face increasing pressure to ensure compliance throughout the loan lifecycle. From TRID errors to regulatory exams to costly loan buybacks, the risks are real — and the consequences, costly. At SitusAMC, we hear from clients every day about what’s keeping their compliance teams up at night. Fortunately, we also provide the solutions that help them rest a little easier.
Loan Buybacks
A prospective client shared a frustrating experience: they had to buy back seven loans and offload them in the scratch-and-dent market. Why? Because the points and fees exceeded the 3% Qualified Mortgage (QM) threshold — and, unfortunately, their compliance tool didn’t flag it.
With ComplianceEase, that wouldn’t have happened.
Our compliance audit reports are designed to catch issues like this well before closing, giving lenders a critical opportunity to cure any errors and protect their bottom line. Avoiding just one buyback can save a lender tens of thousands of dollars — making ComplianceEase a smart investment that pays for itself many times over.
Regulatory Exams
One of the biggest concerns we hear from lenders is the stress of regulatory exams. Recently, a client reached out in a panic. They were undergoing a regulatory audit and had been asked to submit a large volume of loan data — fast.
Thanks to ComplianceEase, they didn’t have to scramble.
With ComplianceEase’s RegulatorDirect portal, clients can transmit loan audit reports and loan data electronically to regulators. This technology eliminates the need for searching through mountains of paper files or assembling cumbersome document packets. More importantly, the data being submitted has already been audited for compliance with federal and state regulations. The result? A smoother examination process for both the lender and the regulator — and far fewer sleepless nights.
TRID Errors
TRID (TILA-RESPA Integrated Disclosure) compliance continues to be one of the most error-prone and expensive issues for lenders. Recently a large national lender, told us they were spending an average of $350 per loan to cure TRID errors in a significant portion of their Q4 volume. That’s tens of thousands of dollars lost — all because their current solution failed to catch TRID timing errors.
That’s where ComplianceEase’s TRID Monitor makes the difference.
Unlike limited tools that provide only surface-level checks, ComplianceEase’s TRID Monitor tool performs comprehensive tolerance and timing tests down to the fee level. This level of granularity helps lenders catch errors before they become costly, preventing compliance failures that could lead to significant financial penalties.
Trusted by Industry Leaders
From originators to capital markets participants to regulators, ComplianceEase is trusted across the mortgage ecosystem to deliver reliable, automated compliance checks that reduce risk and streamline operations. Whether it's preventing costly TRID mistakes, passing regulatory audits with confidence, or avoiding loan buybacks, ComplianceEase empowers lenders to do business with peace of mind.
Don’t let compliance nightmares keep you up at night.
Discover how ComplianceEase can help your team sleep easier — and operate smarter.