CHARLOTTE, NC; June 14, 2013 (PRWEB) – TRUPOINT Partners, a regulatory compliance service provider, announces Q1 2013 revenue growth of 112 percent as compared to Q1 2012, fueled by growth in their client base, including banks and mortgage lenders.
The company attributes its success to several factors. “In the past year, we have enjoyed extremely high renewal rates, and many of those clients have contracted for additional services in 2013,” says Trey Sullivan, President and CEO of TRUPOINT Partners. “We have added multiple products including Remote Fair Lending Risk Assessments, APR Variance Reporting and enhanced Peer Group analysis. These professional services combined with our analytic reporting systems help our client’s manage Fair Lending compliance effectively and at less cost.”
During Q1 2013, TRUPOINT Partners added six additional staff members and signed two significant partnerships with Computer Services, Inc. (CSI) and ISGN. CSI now offers TRUPOINT Partner’s Comparative Analytics Engine, a tool that simplifies compliance with Fair Lending, the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA), to CSI’s customers.
ISGN has partnered with TRUPOINT Partner’s to offer a comprehensive Consumer Financial Protection Bureau (CFPB) Mock Audit™ to ensure financial institutions and mortgage lenders maintain compliance with the changing regulatory environment, CFPB rules and Fair Lending requirements.
“When left unchecked, Fair Lending and HDMA risk can stall growth, undermine acquisition plans, hinder profitability and damage an organization's reputation," explains Sullivan. “We understand the challenges facing financial institutions today and work hard to empower them to successfully navigate this ever-changing regulatory environment.”
TRUPOINT Partners offers the cloud based software tools and in-depth compliance consulting expertise to uncover compliance risk, provide guidance and prepare financial institutions for regulatory audits.
About TRUPOINT Partners
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.