LAGUNA HILLS, Calif. (6/12/13)--QuestSoft, a provider of automated mortgage compliance software, has announced a new all-in-one product, Compliance RELIEF, that assists credit unions, banks and other mortgage lenders in processing the majority of their compliance requirements in one system that's integrated with all popular loan origination systems (LOS).
Compliance RELIEF combines QuestSoft's best-selling HMDA RELIEF software (for submissions of the Home Mortgage Disclosure Act), CRA RELIEF (for the Community Reinvestment Act) and other supported regulations, including Nationwide Mortgage Licensing System Call Reporting.
"Compliance RELIEF has been designed to provide a wealth of compliance information with stunning graphics that allow each user to focus on specific regulations with data sharing from each module," said Leonard Ryan, QuestSoft president. "No company has put together tools to manage both the federal and state regulations in such a cohesive manner."
Compliance RELIEF features a single interface that accesses the subscribed modules. This approach is intended to lessen the training burden and establish uniform data integrity standards. It also allows the program to accommodate future compliance regulations at the federal and state level. The enhanced report graphics and integrated mapping make it easier for compliance professionals to explain the successes and concerns of compliance operations to management.