ComplianceOne® Assumption Lending

Seamless automation: Originate, document and service

Origination features

Standard industry documents for 51 jurisdictions that are monitored and kept compliant with federal and state rules and regulations, as well as investor requirements.

Early disclosure documents that are compliant with current loans (e.g. TILA-RESPA Loan Estimate, GFE, Homeownership Counseling Notice, etc.).

Controlled product templates with pre-configured policies and documents workflow interfaces for upfront services (e.g. Credit Bureau).

Automated business rules and calculations performed by the system.

Closing documents that are compliant with current loans (e.g. HUD Settlement Statements, Closing Disclosures).

Business-to-business workflow interfaces to closing service providers (e.g. flood determinations) and exports to enable downstream workflows.

Assumption documents and workflow capabilities that can be extended to Home Equity Closed-End Loans.

Taking productivity to a new level: Business process management

An assumption business process that’s controlled from within a single system
The ability to manage timing requirements around tasks by all parties involved in the transaction
The ability to manage the sending and receiving of electronic versions of documents (PDFs)
Configurable workflows and tasks that assist with process management and user work queue visibility
Efficient collaboration between all parties involved in the assumption, including initial application from borrower
Further process refinement with integration to eOriginal SmartSign® Plus, a simple, intuitive, and compliant document eSignature across the lending lifecycle in every asset class
Learn More About eOriginal SmartSign Plus →