Sarbanes Oxley Compliance Journal on Ulitzer

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ISGN Integrates TRUPOINT Partners’ Fair Lending Analytics into CFPB Mock AuditTM

ISGN CorporationTM (“ISGN”), a leading provider of end-to-end technology solutions and services to the U.S. mortgage industry, announced today it has partnered with TRUPOINT Partners to offer a comprehensive Consumer Financial Protection Bureau (CFPB) Mock AuditTM, ensuring financial institutions and mortgage lenders maintain compliance with the changing regulatory environment, CFPB rules and Fair Lending requirements.

ISGN's Professional Services group, which assesses compliance and operational risk and provides process optimization and cost reduction strategies, has developed a proprietary risk framework to conduct a mock CFPB audit for financial institutions and mortgage lenders. During the audit, ISGN performs a targeted loan review of potential problem loans identified through TRUPOINT Analytics’ Fair Lending and Home Mortgage Disclosure Act (HMDA) analysis systems.

According to Lisa Weaver, CMB, senior vice president of Mortgage Solutions for ISGN, “This approach provides our clients the ability to conduct a ‘dry run’ to bring out any issues prior to the actual regulatory review.”

TRUPOINT Analytics is a Software-as-a-Service (SaaS)-based comparative analysis platform for financial institutions. TRUPOINT’s revolutionary analysis engine provides the data analytics and lending report insight financial institutions need to understand and mitigate Fair Lending and HMDA risks.

“When left unchecked, Fair Lending and HDMA risk can stall growth, undermine acquisition plans, hinder profitability and damage an organization's reputation,” said Trey Sullivan, CEO of TRUPOINT. “The collaboration of TRUPOINT's compliance analytics combined with ISGN’s compliance expertise compounds our ability to offer cost-effective solutions in a difficult area where mistakes can have severe consequences.”

“ISGN is committed to offering innovative technology solutions to assist financial institutions and mortgage lenders in their effort to maintain compliance in today’s complex regulatory environment, and partnering with TRUPOINT to offer a CFPB mock audit further enhances our customer’s compliance capabilities,” said Ritesh Idnani, CEO and vice chairman of ISGN. “Many of our clients find this variable outsourced solution can overcome hurdles in building out capital intense infrastructure.”

About TRUPOINT Partners

TRUPOINT Partners is an independent regulatory compliance organization actively serving more than 300 financial institutions in Fair Lending, HMDA, CRA and related services. The company’s cloud-based TRUPOINT Analytics platform enables financial institution executives to access, within minutes, hundreds of analytics and reports using public, private and proprietary data sets. For more information about TRUPOINT Partners, visit www.trupointpartners.com.

About ISGN

ISGN is a leading provider of mortgage technology and services. A fast-growing company with more than 1,000 customers, including large global banks and a majority of the top 10 lenders in the country, ISGN’s product line includes a complete range of solutions for lenders and servicers. ISGN is funded by the highly regarded venture firms New Enterprise Associates (NEA) and IndoUS Venture Partners (IUVP), and by CFCL Overseas Limited, an SPV of Chambal Fertilisers and Chemicals Limited, a KK Birla company. Based in Palm Bay, Fla., ISGN now employs more than 1,500 people across five domestic centers and two international facilities. For more information, visit www.ISGN.com.

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