Proactive Compliance with Charlie: Why it Matters

Proactive Compliance with Charlie: Why It Matters

In today’s mortgage industry, staying ahead of compliance is essential to avoid costly fines and delays. Charlie is designed with built-in compliance features that ensure you're always ahead of the curve. Here are few examples of how Charlie's proactive approach works and why it’s a game-changer:

Charlie helps keep your team on track by featuring a loan-level banner that highlights required disclosures as they become due. This feature ensures that critical documents, like those required by TRID and Reg B, are sent in a timely manner.

The banner shifts to red when deadlines are approaching, signaling urgency and preventing last-minute scrambles. By visualizing the compliance timeline, your team can act well before the red flags start showing.

On top of this, automated activities can be generated to a team to ensure this work is acted upon in a timely manner.

2. In-App Compliance Reporting Across All Loans

Compliance is not just a loan-by-loan concern. Charlie's in-app reporting provides an at-a-glance view of all loans nearing key compliance dates.

This centralized tracking of critical timelines helps managers and compliance teams prioritize their efforts, ensuring no loan falls through the cracks. It also boosts transparency, giving you real-time insights into the status of your entire loan portfolio, reducing the risk of non-compliance.

3. Managing Compliance-Related Activities (HMDA Data Integrity)

Ensuring that every compliance-related task is completed accurately is crucial. Let’s use HMDA as an example.

Have you ever had to go back through dozens or hundreds of loans to ensure you can submit a valid HMDA LAR? How long did it take you?

What if, before a loan could be adversed or closed, your system ensured all of the HMDA data was in order?

You can configure that in Charlie. Automated checks and activity assignments prompt your team to verify essential details, so nothing is overlooked. This level of detail ensures that all regulatory requirements are met before moving forward with the loan.

4. Seamless Integration with Asurity’s RegCheck

Asurity’s RegCheck report is an extraordinary source to notify you of any compliance issue that may be impacting you loan.

RegCheck is fully integrated with Charlie so that you can see the status of each compliance check at a glance. The full report includes the details you need to understand how to resolve any warnings or errors.

Why This Matters

With regulations constantly evolving, Charlie’s proactive compliance features save time, reduce errors, and protect your bottom line. By automating the compliance process and surfacing critical actions, Charlie ensures you're always a step ahead.