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ISGN & TRUPOINT Partners Offer New CFPB Compliance RiskCheck

Partnership enables institutions and lenders to maintain compliance with regulatory requirements.

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PALM BAY, FL; Feb. 18, 2014 (GEEKS NEWS DESK) – ISGN CorporationTM (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, announced during MBA's National Mortgage Servicing Conference and Expo that it has partnered again with TRUPOINT Partners to offer its CFPB Compliance RiskCheck™ (CCRC). A Software-as-a-Service (SaaS), cloud-based tool, CFPB Compliance RiskCheck™ was designed specifically for small to midsize lenders in need of a cost-effective and efficient risk evaluation tool.

Available to institutions by signing into a web-based system, ISGN's new CFPB Compliance RiskCheck™ is an end-to-end review designed to help lenders understand and comply with new and changing Consumer Financial Protection Bureau (CFPB) requirements. The platform contains a series of questions, which are broken out by three categories – compliance management, originations, or servicing – and then by area of risk.

The lender is guided through the self assessment review process and provided with help features such as best practice sample answers, live compliance assistance and links to compliance regulations when completing the answers, which are then analyzed automatically using classifications in line with CFPB regulatory guidelines to calculate the residual risk. The CFPB Compliance RiskCheck provides a detailed report including compartment risk weightings, trends and high risk items, which can be provided to regulators and for action plans.

“The collaboration between TRUPOINT and ISGN provides lenders with a cost-effective, SaaS-based solution in a difficult area where mistakes result in significant consequences,” said Trey Sullivan, CEO of TRUPOINT Partners.

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About ISGN

Screen_Shot_2014-02-17_at_10.36.04_AMISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and a majority of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders and servicers.

ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla company. Based in Palm Bay, Fla., ISGN now employs more than 1,500 people across five domestic centers and two international facilities. For more information, visit www.ISGN.com. Contact: Lauren Schuster, 678-781-7209.

About TRUPOINT Partners

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TRUPOINT Partners provides regulatory compliance solutions to financial institutions nationwide through an innovative blend of big data analytics, compliance expertise, and client service. TRUPOINT specializes in Fair Lending, HMDA, CRA, and UDAAP compliance, and also offer M&A due diligence, regression analyses, branch network optimization, and more.

TRUPOINT Analytics™ and TRUPOINT RiskCheck™ are cloud-based software tools that enable lenders to assess compliance risk and determine their lending performance for Fair Lending, UDAAP, CRA and other key consumer lending regulations.  TRUPOINT Partners combines the efficient use of these tools and expert professional consulting services to provide lenders with uniquely effective and efficient compliance solutions. For more information about the company, its products, and services offered, please visit http://www.trupointpartners.com or contact us today.

 

CFPB Compliance RiskCheck Press Release

 

For more information, visit www.trupointpartners.com, or contact us >>

 

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