TMCnet News
Optimal Blue's Comergence Launches Social Media Compliance SolutionComergence, an Optimal Blue company and a trusted compliance solutions provider to the mortgage industry, announced today the launch of its newest compliance solution, Social Media Compliance. Powered by sophisticated regulatory intelligence capabilities and embedded with the specific policies and procedures of a licensed mortgage originator, the unique and leading-edge service addresses the growing need and seemingly insurmountable task of monitoring social and digital media communications within a regulatory framework. "Social media is a powerful tool used more and more by today's loan officers to source business. Yet, with numerous regulations today and even more expected in the future, the risk is high for unintentional social media mistakes that could pose significant financial risks for lenders," stated Scott Happ, Chief Executive Officer of Optimal Blue. "We recognize that adherence to growing compliancedemands will be challenging for lenders if social media compliance remains a manual, time-consuming effort coming at a great cost. By delivering this robust automation at an extremely affordable price, lenders discover an immediate ROI - regardless of whether they have five loan officers or hundreds." The Social Media Compliance system can evaluate social media activity across all loan officers and all venues in real time via automated scheduling. The platform also identifies potential violations, highlights usage trends, and provides 360-degree audit reports for a deeper violation review so lenders can communicate and remediate internally and externally - all within a single, turnkey compliance tool. The system provides enormous advantages for the hundreds of organizations that already rely upon other Comergence compliance solutions, including streamlined organizational and user set-up. "Social media presents a large playing field and a new frontier for today's lenders that is not going away anytime soon. Leveraging automation removes the heavy lifting and positions lenders to properly take full advantage of the opportunities through this great marketing asset," said Greg Schroeder, Vice President of Comergence. "Everything lenders need to self-manage social media compliance is available in our solution, bringing efficiencies, simplicities, and real-time oversight with little effort." For more information on the social media compliance demands in the mortgage industry, Optimal Blue has developed a resource titled "The Importance of Developing a Social Media Compliance Policy". The whitepaper can be accessed at - http://comergencecompliance.com/smc-whitepaper1/. ABOUT OPTIMAL BLUE Optimal Blue operates the mortgage industry's Digital Marketplace, connecting originators, investors, and providers with a single, unified technology and value-added services platform. Optimal Blue's Digital Marketplace enables originators to automate their entire secondary marketing operation from content through commitment, and enables investors and leading providers to accelerate the loan origination process by leveraging automated data exchange, streamlined value delivery, robust innovations, and actionable business intelligence. Together, these originators, investors, and providers form a unique, multi-sided marketplace touching one of every four mortgage loans closed nationally each year. For more information, visit www.optimalblue.com. View source version on businesswire.com: http://www.businesswire.com/news/home/20170809006020/en/ |
