LAGUNA HILLS, Calif.--(BUSINESS WIRE)--
Mortgage Technology recognized QuestSoft for its ability to innovate despite the industry’s stringent regulatory environment, specifically touting its full suite of automated compliance solutions. QuestSoft’s HMDA RELIEF, CRA RELIEF and Fair Lending solutions, as well as state-level reporting and NMLS call reporting capabilities, offer best-of-breed solutions for easy regulatory submissions. Their Compliance EAGLE software evaluates loan files against a comprehensive suite of compliance regulations and standards, including Qualified Mortgage (QM), Ability-to-Repay (ATR), Home Mortgage Disclosure Act (HMDA), NMLS Licensing, LEF reviews, Real Estate Settlement Procedures Act (RESPA) fee tolerances, Truth in Lending Act (TILA), flood determination requirements, federal, state, local consumer and predatory high cost lending laws. Additionally, Compliance EAGLE’s reviews are widely accepted by many secondary market investors.
QuestSoft is one of very few companies to be named to the list for six consecutive years, demonstrating a continual dedication to innovation and service. “The customer service and regulatory compliance demands placed on mortgage lenders and servicers are greater than ever before, and the industry relies on its technology vendors to help it meet these expectations,” said Austin Kilgore, editor of Mortgage Technology magazine and managing editor of its sister publication, National Mortgage News. “The companies named to the 2014 Top 50 Service Providers list have proven themselves worthy of this complex and ongoing challenge.”
Providers named to the list are judged on four criteria: continued service and technology advances; viable revenue model and value proposition to customers; exceptional customer service; and unique impact on the mortgage industry as a whole. Technology vendors must have a proven track record in the industry and provide innovative technology and services to mortgage industry participants.
“QuestSoft continues to innovate and deliver cost saving automated compliance solutions to our customers as they navigate the evolving mortgage industry,” said Leonard Ryan, founder and president of QuestSoft. “We are committed to providing the technology our customers expect; a dedication that has enabled us to be recognized by Mortgage Technology for the past six years.”
Laguna Hills, Calif.-based QuestSoft is an established provider of comprehensive and automated compliance software and services to the mortgage, banking and credit union industries. The company’s products enable more than 1,800 banks, credit unions and mortgage companies to simplify the collection, analysis, compilation and reporting of key lending regulatory report data. For more information about QuestSoft and its products, visit the company's website at www.questsoft.com.
- Mortgage Loans
Joanna Braeckel, 678-781-7211
David Jones, 678-781-7238