First American Mortgage Solutions

RegsDataTM

RegsDataMaintaining regulatory compliance is a formidable challenge, as nearly every aspect of the mortgage origination process is subject to regulation. RegsData is a comprehensive and flexible loan-level solution that can deliver bundled compliance reports or individual tests as APIs at any point in the loan lifecycle. Ensure compliance with a variety of federal, state and local mortgage lending laws, rules and regulations.

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Remain Compliant in a Challenging Environment

Designed to be employed at any point in the origination process, RegsData is integrated with leading loan origination systems, adding hundreds of compliance checks to your existing process, including the latest from:

  • Consumer Financial Protection Bureau (CFPB)
  • TILA-RESPA Integrated Disclosures (TRID) Rule
  • Qualified Mortgage (QM) Rule
  • Qualified Residential Mortgage (QRM) Rule
  • Home Ownership and Equity Protection Act (HOEPA)
  • Higher-Priced Mortgage Loan Limitations (HPML)
  • Truth in Lending Act (TILA)
  • Mortgage Disclosure Improvement Act (MDIA)
  • Real Estate Settlement Procedures Act (RESPA)
  • Appraisals for Higher Priced Mortgages
  • Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
  • Office of Foreign Assets Control (OFAC)
  • State high cost and subprime loan regulations
  • Investor tests
  • And more

Reduce Costs With a Streamlined Compliance Review

RegsData helps to simplify your process and reduce costs by performing a detailed analysis on every loan, identifying violations instantly, and displaying pass/fail indictors for quick review. A First American Mortgage Solutions exclusive, the ‘Points & Fees Drilldown’ feature allows users to quickly identify fees that need attention. Clear and concise descriptions of the applicable laws, written in plain English, make the analysis easy to understand. The report provides written proof of compliance that can be placed in the loan file. RegsData also offers flexible, loan-level user controls to promote smooth workflows.