[December 02, 2005] Mavent Promotes Angela Cheek to Vice President Tweet IRVINE, Calif. --(Business Wire)-- Dec. 2, 2005 -- Mavent Inc., a leading provider of automated compliance solutions for the financial services industry, announced today the promotion of Angela Cheek to vice president. As a member of the company's executive team and legal counsel, Cheek provides product legal support to all Mavent departments, customers and employees. Cheek, who joined Mavent in 2003 as associate senior counsel, has more than 12 years of experience in financial compliance and business law practices. Prior to joining the company, she served as associate counsel at Portland, Ore.-based Farleigh, Wada & Witt PC (now Farleigh Witt PC), a financial services and business law practice. At the firm, Cheek represented numerous financial service companies on regulatory and operational issues. She also served six years as operations product counsel at Portland, Ore.-based CFI ProServices Inc. (now Harland Financial Solutions, Inc.), a provider of PC-based banking software, where she monitored federal law changes for all compliance products. Cheek holds a juris doctorate from University of the Pacific, McGeorge School of Law in Sacramento, Calif. She is a member of the state bar associations of California and Oregon, as well as a member of the American Bar Association. Cheek currently serves as chairperson of the National Home Equity Mortgage Association (NHEMA) Compliance and Servicing Subcommittee. "As Mavent continues to grow and the regulatory environment continues to change, it is increasingly important that we employ the best legal minds available to manage our approach to interpreting local, state and federal regulations and incorporating them into our solutions," said Tim Green, CEO of Mavent. "Angela has proven herself a valuable asset to Mavent and will continue to strengthen our company in her new executive position." About Mavent Inc. Mavent Inc. is a leading provider of automated compliance solutions for the mortgage industry. Mavent, founded in 1999, is the developer of the Mavent Expert System and the Mavent Compliance Console (MC2). The Mavent Expert System is a comprehensive automated solution that submits loan data for reviews against nearly 300 legislative acts, 200 license types, and the rules and regulations of over 60 regulatory authorities. The solution's review functions include: loan level lender and broker license reviews; state consumer credit laws relating to such terms as usury, fee restrictions, prepayment penalties, and late fees; Home Mortgage Disclosure Act; Truth in Lending Act; Office of Foreign Asset Control; and, investor program requirements, such as an accurate Fannie Mae points and fees threshold test. The Mavent Expert System is supported by a growing network of law firms, including such prominent firms as Hudson Cook and Reed Smith. Mavent's outside counsel has approved each rule in the Mavent Expert System. The legal rules are identified and explained in approximately 7,000 pages of detailed legal rules documentation. The Mavent Expert System has conducted more than 10 million compliance reviews to date for some of the industry's largest originators and purchasers, including Fannie Mae, National City Mortgage Corp., First Franklin, Ocwen Financial Corporation, Credit Suisse First Boston, Ohio Savings Bank and GreenPoint Mortgage. For more information on Mavent, contact Louis Pizante, senior vice president of Sales at 949-474-4732 or visit the company Web site at www.mavent.com. [ Back To TMCnet.com's Homepage ]