Our Product Overview

Each regulation has its own unique compliance check points and is not always easy to comply with these regulations. Financial Institutions and other businesses are expected to adhere to federal and state regulations.

Especially for banks, financial institutions and credit unions are expected to follow the regulatory guidance to comply with requirement stated for each regulation. As part of compliance regular audits need to be conducted in a timely manner to ensure that the organization process is in line with federal and state regulations.

Our SaaS based product RxCompliance helps to meet the compliance expected by federal agencies like The Office of the Comptroller of the Currency’s (OCC), Fannie Mae/Ginne Mae, Friddie Mac, Consumer Financial Protection Bureau (CFPB) and meet the guidelines expected for HMDA, TILA, RESPA, TRIAD, ECOA, FCRA, FDPA, FHA, and VA compliance.

BRISC Compliance/Audit/Review

Not meeting the regulatory compliance possesses huge risks for the business operations including heavy monitory penalties. Following is a few of the examples for risks

  • Incomplete HMDA reporting and inaccurate data.
  • Testing the adequacy of a bank’s process for commercial loans.
  • Assess the accuracy of commercial loan risk ratings.
  • Adequacy of the bank’s credit risk identification practices.
  • Bank Secrecy Act / anti-money laundering examination.
  • Bank’s compliance with all aspects for residential mortgage loans.
  • Bank’s administrative processes for personal fiduciary accounts.
  • Review of defaults processes and underwriting processes.
IT Consulting

How RxCompliance helps

  • Provides state of art SaaS based platform to manage compliance.
  • Buit in Dashboard to view compliance activities.
  • Built in Regulations library.
  • Built in easy upload to import customized regulations.
  • Built in sampling criteria as per the type of sampling needed.
  • Built-in data loading feature for bulk data import.
  • Built in side-by-side HMDA and LAR comparison.
  • Built in pre-defined reports, add custom report as needed.
  • Secure messages in the app.
  • Define custom workflow.
  • Self-serviced process audit capabilities.
  • Track audits findings.
  • Role based access control for multi-party participation, review and close.
  • Load once, re-use as many times as needed.

We are always happy to Help,

Get in touch with us today !