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QuestSoft Standardizes Regulatory Submission Complexities with Uniform Process through New Submission RELIEF Solution

LAGUNA HILLS, CALIF., June 9, 2016 –QuestSoft, a provider of automated mortgage compliance software, today announced enhancements to its complete line of RELIEF products, which create a single process for submission of diverse regulator required data. The module, called Submission RELIEF, combines the complicated formatting under current Federal Reserve HMDA, the new CFPB HMDA for 2017 data, the expanded CFPB HMDA data for 2018 and beyond, as well as aggregate CRA reporting in a single, simple, and encrypted process.

The module has already been embedded at no extra charge into QuestSoft’s existing products, including Compliance RELIEF, HMDA RELIEF and CRA RELIEF to provide scrubbed, error-free exports for official data submissions to regulators. Submission RELIEF complements the already seamless upload of NMLS Call Reporting data using QuestSoft’s Call Report RELIEF software.

QuestSoft’s Submission RELIEF solution effectively eliminates retraining when regulators elect to change their formats. Users simply need to confirm their institution’s reporting information, select the Submission RELIEF module, and the output data is instantly converted into the proper format, encrypted with the appropriate government security, appended with the proper transmission protocols and submitted securely via the web.

“The Submission RELIEF process allows lenders in enhanced security and virtual server environments to submit their data safely and securely with no assistance from IT professionals," said QuestSoft President Leonard Ryan. "This enables lenders to submit quickly and easily, and get back to productive tasks much faster than before."

About QuestSoft®

Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,200 clients to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. For more information, call 800-575-4632, ext. 1, or visit