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Compliance solutions provider saves customers time, money
Laguna Hills, CA -January 28,2007 - QuestSoft, a provider of Home Mortgage Disclosure Act (HMDA) compliance solutions and geocoding services for brokers and lenders, serves 20 of the top 100 mortgage lenders.
Victoria Hanegan, assistant vice president of Compliance, Licensing and Client Administration for Ocala, Fla.-based Taylor, Bean & Whitaker Mortgage Corp. ($4.2 billion in assets), said QuestSoft's exemplary customer service and the software's ease of use make it the perfect fit for large lenders.
Greg Trotter, Taylor, Bean & Whitaker's compliance analyst, added, "We process 30,000 files a month. The time saved using QuestSoft's interface lets us finish the HMDA reporting process before most companies are done with their first pass."
Since first offering compliance solutions in 1995, QuestSoft has built its reputation in the financial services industry by supplying institutions with easy-to-use, affordable compliance solutions. HMDA RELIEF, QuestSoft's flagship product, guides lending professionals through the compliance and submission process, saving 90 percent in preparation time over manual processes. CRA RELIEF reviews a financial institution's loan data to ensure CRA compliance for all bank asset sizes. Instant Geocoder verifies addresses and demographic information. And their newest offering, Compliance Eagle, provides an end-to-end mortgage compliance solution, saving financial institutions time and money.
"QuestSoft's compliance solutions are perfectly geared towards financial institutions of all sizes from the larger lenders to the small industry players," Leonard Ryan, founder and president of QuestSoft, said. "The more files you have to process, exponentially, the more time it takes to complete reporting manually. QuestSoft's products are accurate, cost-effective, and most importantly, easy-to-use no matter what the loan volume."
About QuestSoft
Laguna Hills, Calif.-based QuestSoft is a compliance-software development firm specializing in the Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), flood determination and complete compliance management to more than 1,500 banks, credit unions and mortgage companies nationwide. The company maintains the highest market share of any commercial supplier in two thirds of the targeted markets that its HMDA products service. In addition, the company has received consistent recognition for its many technological accomplishments among trade publications and vendor partners.
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