DocuTech collaborates with Interthinx, the nation’s leading provider of risk mitigation and regulatory compliance tools for the financial services industry, to provide you with the assurance that your loans comply with applicable antipredatory regulations.
A reliable high cost loan and predatory lending check with the ease and simplicity that you’ve come to expect from DocuTech solutions.
Regulatory and investor compliance is one of today’s biggest challenges. The proliferation of tougher standards and heightened enforcement, coupled with the new wave of antipredatory lending laws, has taxed the industry in terms of higher transaction costs and the constant threat of class-action lawsuits.
Let’s face it: time is money. With HCL/PredCheck, lenders can satisfy legal and investor requirements without slowing down the origination process. Accurate results are generated in seconds, saving valuable processing time and greatly reducing the chances of costly loan repurchases and the need for borrower reimbursements.
Ensuring accurate, up-to-date legal interpretations is critical. Unlike most providers, Interthinx maintains in-house compliance counsel located at company headquarters to ensure responsiveness and the most accurate results.