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For Immediate Release
June 12, 2017
ABA Media Contact: Sarah Grano
(202) 663-5470
Email: sgrano@aba.com​
Follow us on Twitter: @ABABankers

ComplianceEase Media Contact: Bill Campbell
(212) 995-8057
Email: bill@campbelllewis.com

ABA Endorses ComplianceEase’s ComplianceAnalyzer with TRID Monitor

 

​WASHINGTON — The American Bankers Association – through its subsidiary the Corporation for American Banking – has endorsed a mortgage compliance solution offered by ComplianceEase® to help banks comply with the TILA-RESPA Integrated Disclosure Rule, or TRID, and other consumer protection compliance laws and regulations. The announcement was made today at ABA’s Regulatory Compliance Conference in Orlando.
 
ComplianceEase’s ComplianceAnalyzer® offers comprehensive real-time TRID auditing and monitoring. Through ComplianceAnalyzer with TRID Monitor™, ABA banks will be better equipped to improve the quality and value of their mortgage assets, reduce compliance risk, negotiate better execution with secondary market investors, and capture data needed to prepare themselves for regulatory exams.
 
After a thorough due diligence process, ABA determined ComplianceAnalyzer with TRID Monitor to be the best solution to help banks address their mortgage compliance challenges. ABA member banks will be eligible for discounted pricing on ComplianceAnalyzer. 
 
“A recent ABA survey found that banks are still struggling to comply with TRID,” said Bryan Luke, chairman of ABA’s Endorsed Solutions Banker Advisory Council. “In fact, 75 percent of respondents said loan closings are being delayed as a result of the rule. ComplianceAnalyzer with TRID Monitor helps address these challenges by providing banks with a comprehensive, real-time solution that renders a compliance decision in seconds—displaying findings with an easy-to-read risk score and tolerance analysis that are backed by regulatory citations and narrative explanations.” Luke is also president and COO of Hawaii National Bank in Honolulu.
 
“We’re honored to receive this endorsement and partner with ABA members to help make the mortgage origination process less challenging, more streamlined and always compliant,” said John Vong, president of ComplianceEase.
 
About American Bankers Association
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend more than $9 trillion in loans.
 
About ComplianceEase
Headquartered in the Silicon Valley, ComplianceEase®, a division of LogicEase Solutions Inc., is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer®, the mortgage industry's most adopted automated compliance solution with the most comprehensive TRID auditing. ComplianceEase combines regulatory expertise with innovative technology to power end-to-end risk management solutions that help financial institutions improve compliance controls and increase profitability. The company's growing client base includes financial institutions, service providers, law firms, GSEs, and three of the top five mortgage lenders in the U.S. ComplianceEase's automated compliance solutions have also been adopted as e-Exam tools by federal and state banking and mortgage regulators. For more information, visit ComplianceEase.com or call 1.866.212.3273.
 
ComplianceEase, ComplianceAnalyzer and TRID Monitor are registered trademarks and trademarks of LogicEase Solutions Inc. All other trademarks are their respective owners.
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