Comergence, a provider of third party originator and appraiser Safe Act compliance software systems, premiered the fifth generation of its platform today at the 2015 Mortgage Bankers Association (MBA) conference in San Diego.
Comergence provides a proprietary platform with comprehensive, up-to-date database of over 400,000 records on every licensed mortgage originator in the country. Comergence delivers a fast and efficient way for lenders to approve, monitor and manage their relationships with loan originators.
“Comergence is designed to help lenders comply with the Dodd-Frank Safe Act regulations more effectively and efficiently,” said Greg Schroeder, president of Comergence. “Toward that end, the enhancements to our platform increase the software’s efficiencies, and deliver brand new levels of flexibility. We’re particularly excited that our system can now be used with mobile tablets and smart phones.”
Some of the new key benefits of are:
- More alerts notices are now available that give lenders the ability to manage and identify risks associated with their organization’s risk appetite or policies.
- A streamlined, intuitive interface provides better navigation, so users of the system are even more efficient and productive with their time.
“These new features and enhancements significantly increase the utility of our product,” said Schroeder. “As compliance demands increase and shift, lenders look to Comergence to keep them up to date and in compliance with regulations related to Safe Act Compliance. This upgrade enables us to exceed our clients’ expectations.”