ComplianceEase and Zementis Announce Strategic Partnership and Launch DecisionEase Brand.Leading Technology Providers Deliver the Industry's First Real-Time Loan Product, Suitability and Eligibility Engine With Embedded Regulatory Compliance Controls NEW ORLEANS New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded -- ComplianceEase([R]), a leading provider of mortgage industry automated compliance and risk management solutions, announced at Mortgage Bankers Association's Legal Issues and Regulatory Compliance 2007, an exclusive partnership with Zementis, Inc., a provider of state-of-the-art statistical and analytical solutions, to deploy the mortgage lending industry's first web-enabled, enterprise-wide loan product suitability and eligibility management system with embedded regulatory compliance controls. The Zementis' Adaptive Decision and Predictive Analytics Predictive analytics encompasses a variety of techniques from statistics and data mining that process current and historical data in order to make “predictions” about future events. (ADAPA([R])) intelligent risk management decisioning technology was selected to integrate into the ComplianceEase platform, and solutions built on this combination of unique technology will be marketed under the DecisionEase[TM] brand. The new offering features a multi-purpose business rules management system that employs XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. and leverages Mortgage Industry Standards Maintenance Organization (MISMO MISMO Mortgage Industry Standards Maintenance Organization MISMO Maintenance Interservice Support Management Office ) standards. The first customer deployment of this new offering is scheduled for launch in early May. Selecting suitable loan products with affordable rates and fees that comply with all federal, state and municipal high-cost and anti-predatory lending regulations is not an easy task. Based on specified criteria, DecisionEase finds the right product for loan officers in just a few clicks. Using the latest Web-enabled technology, the interactive user interface is extremely easy to use, while simultaneously providing users with a captivating cap·ti·vate tr.v. cap·ti·vat·ed, cap·ti·vat·ing, cap·ti·vates 1. To attract and hold by charm, beauty, or excellence. See Synonyms at charm. 2. Archaic To capture. and dynamic experience. "With growing concern over loan suitability and eligibility, driven in part by the present condition of the subprime mortgage market, the integration of Zementis' decisioning solution into ComplianceEase's risk-management platform offers lenders the flexibility and control they need to cost-effectively deploy a next-generation loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. process across the enterprise," said John Vong, founder of ComplianceEase. "Zementis and ComplianceEase together enable lenders to benefit from both intelligent decisioning for loan products and peace of mind with respect to compliance. This unique combination provides increased loan origination efficiency and enforces better adherence to all compliance requirements." DecisionEase provides lenders and secondary market investors a customized solution with an on-demand Software-as-a-Service (SaaS) model. By delivering all system functionality through Web-browser and/or integrated Web-service formats in a hosted environment with SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. 70 Type II certification, this business model ensures the deployment of a complete point-of-sale system in a matter of weeks; not months. "We are delighted to partner with ComplianceEase to provide a complete pre-qualification system," said Dr. Michael Zeller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Zementis. "ADAPA offers state of the art technology to take loan origination to a new level. A highly interactive web interface delivers a customer engaging solution while Service Oriented Architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) principles speed time-to-market and ensure quick, easy and non-disruptive deployment in most IT environments." About Zementis Zementis, Inc. provides state-of-the-art statistical and analytical solutions for the financial industry. Powered by advanced technology, the Company's unique ADAPA([R]) framework automates complex decision processes. Zementis' solutions offer immediate and objective feedback for credit applications, which increases customer satisfaction, ensures quality with greater volume, and opens new market opportunities. Additional information may be found at www.zementis.com. About ComplianceEase ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay , is a premier provider of intelligent business solutions to the financial services industry. Its web-based platform - ComplianceAnalyzer([R]) is the mortgage industry's leading automated compliance solution. The expert system utilizes advanced reasoning and decisioning technologies as well as natural language processing Natural language processing Computer analysis and generation of natural language text. The goal is to enable natural languages, such as English, French, or Japanese, to serve either as the medium through which users interact with computer systems such as to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation
Officially referred to as The First American Corporation (FAC) , , the WI Harper Group, and the senior management team. For more information about LogicEase, visit www.ComplianceEase.com. |
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