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QuestSoft’s Compliance EAGLE integrated into Point
Orlando, Fla., Jan. 29, 2008 - QuestSoft (Laguna Hills, Calif.), a provider of compliance software and geocoding services for lenders, announced at the 11th Annual Mortgage Technology Conference presented by SourceMedia that QuestSoft’s Compliance EAGLE, an end-to-end, fully automated compliance review system, has been integrated into San Jose, Calif.-based Calyx Software®’s Point® and Point Data Server. Calyx is the mortgage industry’s leading provider of loan marketing, originating and processing software.
Through the integration, Compliance EAGLE combines all components of mortgage lending compliance into a single, automated system for Point users. According to Calyx officials, QuestSoft’s Compliance EAGLE integration significantly reduces potential risk exposure to both the mortgage professional and borrower by testing the loan application against federal, state and local regulations. Brokers using Point with Compliance EAGLE can quickly and securely review loan files and correct compliance errors prior to funding.
“The integration of Compliance EAGLE into Point makes the process of completing the loan application and disclosure forms more efficient with drastically less exposure to risk,” said Dennis Boggs, senior vice president of Business Development at Calyx. “Using QuestSoft’s system, every loan in a designated portfolio is reviewed and potential problems can be quickly identified and solved.”
Compliance EAGLE uses the Mavent Expert System to perform a full range of compliance services. The software reviews Federal, state and local regulations, providing lenders and investors with increased confidence over reduced litigation and regulatory risk. In addition, Point users also benefit from loan portfolios that are salable, due to pre- and post-closing audits.
“ComplianceEAGLE’s interface with Point enables our company to deliver to more than 275,000 Point and Point Data Server users the same quality compliance review used by their investors,” said Leonard Ryan, president of QuestSoft. “Also, using the Calyx network will enable Point and Point Data Server users to quickly and accurately review loan data against nearly 300 legislative acts, 200 license types, and mandated compliance policies from the industry’s leading investors from any computer with an Internet connection.”
About Calyx Software®
Calyx Software is dedicated to helping lenders, mortgage brokers, mortgage bankers, and vendors increase their profitability by providing reliable and affordable software that streamlines and optimizes all phases of the loan process – from loan marketing through closing. The Calyx Network connects loan officers and processors to lenders and service providers, including Mavent, using technology that allows all parties to exchange data easily. This seamless interaction, coupled with the robust features in the Point product line, increases efficiency and maximizes profitability by enabling more loans to close more quickly.
For more information about Calyx Software, please visit www.calyxsoftware.com.
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 provides software design, compliance-quality geocoding and outsourcing services that are backed by 16 years of direct mortgage software and origination experience. In addition, the company has received recognition for its many technological accomplishments.
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