Guardian Enhances Compliance Offerings with Mavent's Expert System
THROUGH AN AGREEMENT WITH LAKEWOOD, Colorado-based Guardian Mortgage Documents (GMD), Irvine, California-based Mavent Inc. has been designated a preferred provider for compliance solutions. The arrangement allows GMD clients to take advantage of Mavent's automated compliance solutions for increased regulatory risk management. Mavent's Expert System technology is available to lenders that require the highest level of quality assurance through an interface with GMD's document engine.
The Mavent Expert System is a comprehensive automated compliance solution for the residential mortgage industry that collects and processes electronic loan data against an extensive legal knowledgebase containing federal, state and local lending laws, rules and regulations. Through an interface between GMD and Mavent, loan data is automatically sent to the Mavent Expert System for screening prior to document production. Mavent's wide-ranging library of consumer credit regulatory reviews supplements the preexisting compliance reviews within GMD's solutions.
"Guardian Mortgage Documents has consistently and successfully executed on its strategy to provide the highest quality solutions to top lenders," said Tim Green, Mavent's chief executive officer. "As a complement to Guardian's leading solutions, the Mavent Expert System enables Guardian to offer lenders unsurpassed protection from the financial and reputational risks of regulatory noncompliance."
The loan data is screened against more than 288 legislative acts, and more than 183 license types and rule sets …
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Publication information: Article title: Guardian Enhances Compliance Offerings with Mavent's Expert System. Contributors: Not available. Magazine title: Mortgage Banking. Volume: 64. Issue: 11 Publication date: August 2004. Page number: 86. © 2009 Mortgage Bankers Association of America. COPYRIGHT 2004 Gale Group.
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