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Acquisition Furthers Automated Data Verification

QuestSoft, a provider of automated mortgage compliance software, has purchased Laguna Hills, Calif.-based IMARC, a leader in data verification and audit services to the financial services industry. The acquisition adds IMARC’s services to QuestSoft’s new Verification and Audit Services division, “QuestSoft Verifications.”

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The acquisition enables QuestSoft customers to easily conduct loan audits, as QuestSoft Verifications will now offer all of IMARC’s verification and audit services to QuestSoft’s existing 4506-T and SSA-89 capabilities. This new division brings Verification of Employment (VOE), Verification of Income (VOI), Asset and Occupancy Verifications as well as full loan audits to QuestSoft customers, eliminating the need to use time-intensive manual orders to verify all information needed to ensure loan compliance.

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“Combining IMARC’s verification and audit services with QuestSoft’s compliance software gives lenders a one-stop shop for all of their compliance needs,” said Leonard Ryan, founder and president of QuestSoft. “IMARC also brings with it a strong tradition of outstanding customer service and a dedication to providing high quality services quickly and efficiently, blending well with the QuestSoft commitment to our customers.”

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All IMARC employees transferred to QuestSoft’s corporate headquarters in Laguna Hills, California. Bob Simpson, founder of IMARC, is now serving as QuestSoft’s senior vice president and director of the Verifications Division.

“High quality products, ease of use and outstanding service are the three pillars that build strong relationships between vendors and lenders,” Simpson said. “By combining our services with QuestSoft, we have created the best resource for lenders to handle all of their mortgage compliance, verification and audit needs.”

About The Author

Tony Garritano

Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at tony@progressinlending.com.

On The Move: A True Leader Takes On A New Role

*A True Leader Takes On A New Role*
**Industry Vet Joins IMARC**

***We usually don’t write about single executive moves, but today we are making an exception. This executive is a true leader. PROGRESS in Lending has learned that IMARC, a national leader in mortgage quality assurance and loan data verification, announced it has hired Lisa R. Binkley, a 25-year mortgage industry veteran, as senior director of product design and business development.

****Binkley’s responsibilities will include product development and marketing associated with quality control, due diligence, and data verification. She will also lead strategic partnerships in product development across the mortgage industry.

****Binkley joins IMARC from Equifax, where she was director of product solutions. She has also held senior executive roles in verification and quality control at Rapid Reporting Verification Company and Homecomings Financial, a division of General Motors.

****“Lisa brings to IMARC more than 25 years of experience in the quality assurance and audit space,” said Bob Simpson, president and CEO of IMARC, who made the announcement. “She will be leading our efforts to expand IMARC’s data verification services to meet the needs of a new regulatory environment.”

****“The opportunity to work with IMARC is exciting,” Binkley added. “What they have done to automate the audit and QC space is remarkable.”

****IMARC provides quality assurance and loan data verification. The company has audited more than $20 billion of mortgages. IMARC’s staff focuses on reviewing loan files and analyzing them for any form of misrepresentation or falsification. In addition, the company equips companies with workflow processes to efficiently audit loans throughout mortgage origination and servicing. The company was established in 1999, and is headquartered in Santa Ana, California with offices in Washington, D.C.