The Mortgage Industry Gains A New Compliance Heavyweight Player

The mortgage industry has a new compliance heavyweight player. PROGRESS in Lending has learned that Asurity Technologies (Asurity) has formed a new entity that brings together Treliant Solutions, LLC, Risk Management Solutions, Inc. (RMS) and Mortgage Resources Group, LLC (MRG) into an integrated best-in-class compliance platform. Asurity Technologies is an enterprise formed to provide the financial services industry with premier RegTech solutions built by true compliance experts with state-of-the-art information security and infrastructure utilizing leading edge technology. Here’s the details:

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The Asurity platform empowers lenders to establish compliance through RiskExec, a SaaS analytic solution, to proactively manage fair lending and redlining risk and submit for HMDA and CRA. The Asurity platform also provides an individual mortgage loan compliance solution, MRG Docs, which generates exceptionally accurate residential mortgage documents compliant with all local, state, and federal consumer compliance regulations. Asurity will be announcing the addition of new solutions to its platform in the months ahead.

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“By bringing RiskExec and the MRG mortgage documents and loan origination compliance solutions onto Asurity’s platform, we are advancing our goal to deliver leading compliance solutions to our financial services clients built in an advanced information security environment. We believe our Asurity solutions, developed on a strong technology platform and designed by experienced compliance professionals, will deliver significant economic value in a trustworthy, secure, and user-friendly way that helps our clients navigate the increasingly complex and difficult compliance challenges posed by the regulatory environment in which they operate,” says Andrew L. Sandler, chairman of Buckley Sandler, CEO of Treliant Risk Advisors, and founder of Asurity Technologies. “I am excited to be able to work with Dr. Anurag Agarwal, architect of the RiskExec solution suite, and Michael Riddle, founder of MRG, and his team of experienced mortgage lawyers, led by Marsha Williams, in this exciting venture.”

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“After developing RiskExec to address fair lending and CRA regulatory requirements and HMDA reporting compliance failures, reaching the next level required a level of compliance expertise, time, and investment that would have taken our small company years to develop. The opportunity to join the powerful platform being built by Asurity Technologies has enabled our RiskExec team to accelerate our vision and deliver to the financial services market a more dynamic and complete set of solutions through an exceptionally secure technology infrastructure,” says Dr. Anurag Agarwal, founder, president and chief architect of RiskExec.

“Prior to joining Asurity, our MRG team was able to offer the most complete and compliant mortgage documents available to the mortgage industry. Now we have the resources to add new and exciting compliance products and deliver MRG Docs on an advanced and fully secure technology platform,” says Michael Riddle, founder and president of MRG Docs. “Now that we are on the Asurity platform, we can offer our clients a much more robust and complete set of compliance solutions.”

Asurity Technologies formally debuts its compliance platform at the ABA Regulatory Compliance conference on June 11 in Orlando, Fl. For more information on the conference, please visit www.aba.com.

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