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RegsData and Vendor Management Suite

The First American Data & Analytics compliance and regulatory monitoring solutions enable lenders to stay compliant and abide with the most recent regulations impacting the mortgage origination process.

RegsData® Identifies Compliance Risk Earlier in the Loan Lifecycle

RegsData is a regulatory auditing tool that helps lenders manage compliance risk at the loan-level early  in the mortgage lifecycle, while increasing efficiency and reducing cost. Numerous regulatory compliance checks are performed on loans in real-time, generating a comprehensive, yet simple to read report. The compliance report alerts you to any potential violations. Corrective actions may be taken before loans are funded.

RegsData Helps You Remain Compliant With Challenging Federal, State & Local Mortgage Regulations

  • TILA-RESPA Integrated Disclosures (TRID)
  • Qualified Mortgage (QM) Rule
  • Home Ownership and Equity Protection Act (HOEPA)
  • Higher-Priced Mortgage Loan Limitations (HPML)
  • Truth in Lending Act (TILA)
  • State high cost and subprime loan regulations
  • Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)/NMLS
  • Investor/Agency tests
  • And More

Vendor Management Suite

Lenders need a cloud-based, mortgage-centric solution that reduces time, cost and risks associated with counterparty oversight. With the Vendor Management Suite, lenders manage vendor compliance, due diligence and onboarding, process order fulfillments and perform ongoing monitoring and management.

Ongoing Vendor Due Diligence

First American Vendor Management Suite is a cloud-based vendor monitoring platform that provides comprehensive third-party due diligence, manages vendor reviews and performs ongoing monitoring to reduce vendor and compliance risk.

The Vendor Management Suite runs the following reviews:

watchlist

Watchlist:

Uncover if anyone in the party is on a federal or lender watchlist

identity

Identity:

Verify SSN and run identity fraud search

pin

Business Profile:

Phone, address and corporate affiliations

Financial

Financial:

Uncover bankruptcy, liens & Judgments and FICO

License

License:

NMLS and appraiser licensing

civil

Civil & Criminal:

Review Civil court and criminal court records

Contact a sales representative today!