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By Ravi Varma
April 16, 2009
 
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Integrated Compliance and Documents

LendingSpace's Loan Origination System makes drawing compliant documents a simple process with its integrated document engine. You can use whatever process you are currently using, or you can go directly to the LendingSpace engine and be assured of impeccable compliance, every time.

Essential tests are included, such as high cost, pre-payment and net tangible benefits tests:

  • Evaluate adherence to net tangible benefit test and fair lending laws
  • Home Ownership and Equity Protection Act (HOEPA) - Section 32
  • State and municipal high-cost / anti-predatory laws and pre-payment tests
  • Truth In Lending Act (TILA)
  • State consumer lending laws and fees
  • State licensing regulations
  • Integrated with LOS and Deal Structuring for real-time threshold calculations
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