COMPLIANCE PRODUCTS AND SERVICES
Since 1990, Clayton’s loan review system has supported over $2.1 trillion in loan purchase transactions and is the recognized standard for compliance analysis and decision support. Your business can take advantage of our review system through our web-based compliance software, which includes:
Focus: A cost-effective and highly efficient way to filter all loans for potential high-cost threshold violations. Loans that are subject to high-cost thresholds are flagged and can be transferred to Analyzer for in-depth analysis.
Analyzer: Detailed and comprehensive compliance tests, including:
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• Federal 8% (HOEPA) |
• State High-Cost by Fees and APR |
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• Local High-Cost by Fees + APR |
• Right of Rescission Calculations |
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• Over/Under Disclosure by APR + FC |
• Texas Equity |
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• State-Specific Prepayment Penalties |
• Mortgage Insurance Payment Stream |
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• State Covered Loans |
• Re-calculation of Payment Streams |
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• GSE Specific Tests |
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Easy to use
Our web-based software is installation free and very user friendly, meaning your team could be keying in data and testing compliance today. We also offer LOS integration, where we would work with you to extract data directly from your LOS or other data management system and deliver a result-set to your application in a standard MISMO or customized format.
Up to date
Our knowledgeable compliance attorneys stay abreast of regulatory changes and facilitate expedient implementation of new regulations/guidance into our compliance software. The software also frequently undergoes rigorous testing and is certified by outside law firms specializing in compliance. With Clayton you get a partner you can trust.