LAGUNA HILLS, Calif.--(BUSINESS WIRE)--QuestSoft Corp., a provider of automated mortgage compliance software, announced today that it was named to HousingWire’s inaugural HW TECH100™ list. The recognition honors the housing economy’s most innovative technology companies for 2014 and is the first to collectively span residential real estate, residential mortgage lending, servicing and investments.
QuestSoft was named to the list based on how its flagship program, Compliance EAGLE, met HousingWire’s dimensions of innovation including: unique solution, elegant implementation, market influence, fast growth and market potential.
“The revolution in mortgage and real estate technology is just getting started,” said Paul Jackson, publisher and CEO of HousingWire. “What we’ve already seen happen in many other industries, from retail to news media, we’re now seeing take place on a grand scale in the U.S. housing economy. The HW TECH100 recognizes those firms that are innovating the future of an industry that underpins much of the U.S. economic engine.”
Compliance EAGLE combines the crucial components of mortgage lending compliance into a single system that is equipped with automated rule sets to identify and perform Qualified Mortgage/Ability to Repay (QM/ATR), Home Mortgage Disclosure Act (HMDA), Truth in Lending Act (TILA), Home Ownership and Equity Protection Act (HOEPA), Community Reinvestment Act (CRA), Real Estate Settlement Procedures Acts (RESPA) checks and much more.
“With more than 400 firms under consideration this year, selecting 100 was incredibly difficult – and making the cut should be considered a distinct honor,” said Jacob Gaffney, executive editor of HousingWire. “What really stands out to me is this: for the firms included in the 2014 HW TECH100, the average reported customer growth rate year-over-year was a whopping 359 percent. This tells me that innovation is really taking off when it comes to the future of the housing economy.”
“It is truly an honor to be recognized by HousingWire’s HW TECH100 and ranked as one of the top 10 compliance and processing providers in the housing economy,” said Leonard Ryan, founder and president of QuestSoft. “This accolade solidifies QuestSoft’s commitment to innovation to provide customers with simple and seamless compliance solutions, and to transform the mortgage industry into an automated environment that is free from complex compliance.”
Laguna Hills, Calif.-based QuestSoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union industries. The company’s products enable more than 1,800 banks, credit unions and mortgage companies to simplify the collection, analysis, compilation and reporting of key lending regulatory report data. For more information about QuestSoft and its products, visit the company's website at www.questsoft.com.