Avista Solutions completed a direct integration to ComplianceAnalyzer, an automated compliance auditing solution from ComplianceEase. The arrangement will allow their mutual customers to access the ComplianceAnalyzer solution directly from their Avista Agile LOS.

ComplianceAnalyzer gives mortgage lenders real-time compliance audits at any point in the lending process, safeguarding them from potential loan risks. As part of recent electronic examination initiatives, state regulators have been using ComplianceAnalyzer and other e-exam tools to audit as much as 100% of licensees’ loans in regulatory examinations. By leveraging integrated audits using the same auditing software, lenders can prepare in advance for their e-exams.

ComplianceAnalyzer covers many government regulations, including the Home Ownership and Equity Protection Act, the Truth in Lending Act, RESPA, state and local antipredatory lending laws, state license-based consumer lending regulations, and secondary market investor and GSE compliance guidelines.

Avista customers who choose to sign up for ComplianceAnalyzer may use the tool to pinpoint a mortgage loan’s compliance risk factors, whether the loan is in the preclose or post-close stage, with a single click and without leaving their Avista Agile LOS. ComplianceAnalyzer returns comprehensive, user-friendly audit reports to lenders within seconds. Each report features the industry standard RiskIndicator, a score that reflects a loan’s compliance risk, as well as quantitative analysis of thresholds and detailed qualitative overviews with narrative descriptions of regulatory requirements.