LAGUNA HILLS, Calif.--(BUSINESS WIRE)--QuestSoft has enhanced its proven interface to D+H’s LaserPro® to now pull more data elements than ever before into Compliance RELIEF, the company’s new all-encompassing regulatory solution. In addition, the interface enhancements have been reverse engineered to work with QuestSoft’s legacy products, HMDA RELIEF and CRA RELIEF. QuestSoft has integrated D+H’s LaserPro compliant loan origination and document preparation solution to automate end-to-end mortgage and investor compliance reporting during the loan origination process.
Compliance RELIEF offers analysis and reporting for Home Mortgage Disclosure Act (HMDA), Community Reinvestment Act (CRA), Fair Lending, NMLS Call Reporting and Geocoding Verification Services under one integrated compliance umbrella. The integration with LaserPro enables QuestSoft users to automatically collect loan data, verify the accuracy of addresses, compile reports and submit them to the appropriate agencies.
“Complete integration is essential to quick and accurate reporting in today’s regulatory environment,” said Mitch Lucas, vice president, product management & legal compliance at D+H. “The Compliance RELIEF and LaserPro integration helps our mutual clients collect and report HMDA and CRA data in a seamless and efficient manner.”
Compliance RELIEF features a secure single interface that accesses the subscribed modules. At the same time, the software stores and spans multiple data reporting years for consistency and more meaningful analysis. This approach lessens the training burden and establishes uniform data integrity standards. It also enables the program to easily accommodate future compliance regulations at both the federal and state level. Compliance RELIEF is designed to operate in any modern Windows platform. The product also contains integrated digital mapping and up to date market data for comparison to peers.
“Our decades-long relationship with D+H continues to allow QuestSoft to deliver compliance innovation and solutions that their customers have grown to know and trust,” said Carey Aimone, vice president of QuestSoft. “The Compliance RELIEF integration includes fair lending fields and many new prompts that we anticipate to be mandatory once the CFPB finalizes the new HMDA rules. This will ensure that D+H’s LaserPro clients have the most comprehensive and accurate compliance reporting available in the industry.”
D+H (TSX: DH) is a leading financial technology provider the world's financial institutions rely on every day to help them grow and succeed. Our lending, payments, enterprise and global transaction banking solutions are trusted by nearly 8,000 banks, specialty lenders, community banks, credit unions, governments and corporations. Headquartered in Toronto, Canada, D+H has more than 5,500 employees worldwide who are passionate about partnering with clients to create forward-thinking solutions that fit their needs. With annual revenues of more than $1 billion, D+H is recognized as one of the world's top FinTech companies on IDC Financial Insights FinTech Rankings and American Banker's FinTech Forward ranking. For more information, visit www.dh.com.
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.