Regulatory Compliance

When it comes to navigating the ever-changing regulatory complianceenvironment, including the QM and TRID rules stemming from the Dodd-Frank Act and the CFPB, First American Mortgage Solutions is your solution for comprehensive loan-level compliance reviews and background checks for third party originators and other business vendors.

  • The RegsDataTM Compliance Suite makes sure loans are in compliance with laws and regulations
  • NMLS® Consumer Access data to validate the mortgage broker and loan officer’s NMLS status
  • We deliver up-to-date compliance solutions that help you focus on your core business objectives while mitigating risks

Learn more about our regulatory compliance offerings below.

Products & Services

RegsDataTM Compliance Suite

The RegsDataTM Compliance Suite is a comprehensive and flexible loan-level solution independently certified by outside legal counsel that can deliver bundled compliance reports or individual tests as APIs at any point in the loan lifecycle, including the TILA-RESPA Integrated Disclosure (TRID) rule.

Vendor Management

The Vendor Management Suite provides single-source access to the company’s full range of counterparty review products with integrated monitoring and reporting capabilities, enabling lender compliance teams of every size to efficiently oversee thousands of counterparties and reduce loan repurchase risk.

Third Party Review

Third Party Review (TPR) provides you with the ability to review 100% of third party originator application information with real-time license checks.

NMLS® License

Quickly verify compliance of Third Party Originator state license status.

Civil/Criminal Background Checks

Background Checks provide comprehensive batch processing of criminal records, civil records and bankruptcy/liens/judgment records to help avoid losses from fraud and remain compliant.

NMLS is a registered trademark of the State Regulatory Registry LLC.