ComplianceEase Announces Integration with LendingPad

Burlingame, Calif. – May 7, 2019 – ComplianceEase®, the nation’s leading provider of automated compliance solutions to the financial services industry, announced today that its ComplianceAnalyzer® is now integrated with LendingPad®, the cloud-based loan origination system (LOS) from WEI Technology LLC.

With this integration, LendingPad users can perform real-time audits for regulatory compliance violations without leaving their LOS. ComplianceAnalyzer audits both first mortgages and home equity loan and lines for federal, state and local requirements, including state predatory lending issues; changes in terms and fees; audit tolerance across all disclosures and changed circumstances; and track post-consummation disclosures.

"We designed LendingPad with the needs of today’s lender in mind," said Wes Yuan, managing director of WEI Technology. "By integrating with the most comprehensive auditing solution in the market, we’re helping our lender customers not only ensure regulatory compliance, but also become more efficient."

“With origination volume down and costs to close up, lenders are looking to technology for a competitive edge,” said Sanjay Tibrewal, senior vice president of Product Management for ComplianceEase. “Our integration with LendingPad helps more lenders streamline compliance processes to help accelerate closing, deliver a better borrower experience, and ultimately grow their businesses.”

About LendingPad®

Residential mortgage professionals created LendingPad’s innovative loan origination system (LOS) to help lenders to make better lending decisions, to provide an exceptional user experience, and to enhance individual originators’ ability to succeed. Leveraging from a highly-scalable cloud infrastructure, LendingPad is a web-based, end-to-end platform offering unique features such as same-file multi-user edit capabilities and real-time updates. LendingPad Network is a hub connecting borrowers, lenders and service providers. The solutions LendingPad offers elevate the efficiency, compliance, and information security of brokers, lenders, and depository institutions. LendingPad is a Premier Member of the Mortgage Bankers Association and a proud winner of HousingWire's Tech100 award. LendingPad is a product of WEI Technology LLC, headquartered in McLean, VA.

About ComplianceEase

Headquartered in the Silicon Valley, ComplianceEase®, a division of LogicEase Solutions Inc., is a leading provider of risk management solutions to the financial services industry. ComplianceEase's patented platform includes ComplianceAnalyzer®, the mortgage industry's most adopted automated compliance solution with the most comprehensive TRID auditing. ComplianceEase combines regulatory expertise with innovative technology to power end-to-end risk management solutions that help financial institutions improve compliance controls and increase profitability. The company's growing client base includes financial institutions, service providers, law firms, GSEs, and three of the top five mortgage lenders in the U.S. ComplianceEase's automated compliance solutions have also been adopted as e-Exam tools by federal and state banking and mortgage regulators. For more information, visit ComplianceEase.com, call 1.866.212.3273, or visit them on LinkedIn.

Press Contact

Bill Campbell

Campbell Lewis Communications

212.995.8057

bill@campbelllewis.com

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