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Maintaining regulatory compliance can be a formidable challenge for lenders.

The PredProtect Regulatory Compliance Suite streamlines this process and saves you compliance costs by performing detailed compliance checks on every loan, identifying violations instantly, so that corrections can be made before funding.

Designed to be employed at any point in the origination process, PredProtect is integrated with leading loan origination systems, adding hundreds of compliance checks to your existing process, including the latest from:

  • Consumer Financial Protection Bureau (CFPB)
  • Qualified Mortgage (QM) Rule
  • Qualified Residential Mortgage (QRM) Rule
  • Home Ownership and Equity Protection Act (HOEPA)
  • Higher-Priced Mortgage Loan Limitations (Section 35)
  • Truth in Lending Act (TILA)
  • Mortgage Disclosure Improvement Act (MDIA)
  • Real Estate Settlement Procedures Act (RESPA)
  • Escrow Rule
  • “All-In” APR Calculation
  • Appraisals for Higher Priced Mortgages
  • Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
  • Office of Foreign Assets Control (OFAC)
  • State high cost and subprime loan regulations
  • Investor Tests
  • And more

RegsData SVAR™ | NMLS License Verification

Verify compliance with Third-Party Originator state license requirements and the SAFE Act – quickly, accurately and concisely - by using the RegsData SVARTM NMLS License Verification Module.

This module is a proprietary archive of licensing information for all non-depository mortgage brokers and lenders that delivers accurate and timely information about license status and validity. It is fully integrated with the NMLS and is SAFE Act compliant.

The NMLS License Verification Module streamlines your third-party originator review process by enabling you to:

  • Immediately determine the license status of new third-party originators
  • Search across all jurisdictions and license types at once
  • Reduce time spent verifying licenses during the renewal cycle

Third Party Review (TPR)

Third Party Review (TPR) provides you with the ability to review 100% of third party originator application information with real-time license checks.

Verifying key background data is an important part of quality control and regulatory compliance, whether you work with mortgage brokers, correspondents, appraisers, or any other business or individual.

  • Assure compliance with the SAFE Act
  • Quickly and efficiently review prospective and current business partners
  • Reduce risk associated with third-party entities

Third Party Review is a key component to making critical business relationship decisions and to assure compliance with the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act.

TPR includes a detailed check of the following:

  • Validation of NMLS ID/License Number against the NMLS Registry
  • Proprietary National Fraud Protection Database (NFPD) review
  • Lender/Industry sanctions search
  • Proprietary Broker Risk Score and Alert Score
  • OFAC compliance
  • SafeCheck® Social Security Number verification for principals

Civil / Criminal Background Check

Use our civil / criminal background checks to make more informed decisions about third-party business partners, while assuring compliance with investor “entity review” policies that require background checks on those parties.

These background checks provide comprehensive batch processing of criminal records, civil records and bankruptcy/liens/judgment records to help lenders avoid losses from fraud and remain compliant.

  • Efficiently review prospective and current business partners
  • Reduce risk associated with third-party entities
  • Comply with investor “entity review” policies

The one-stop solution offers extensive coverage and the ability to process multiple submissions from large broker databases.