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ComplianceEase Launches VOE Xpress

- New Web-Based Solution Provides Critical Verifications to Meet the Qualified Mortgage Rule -

Burlingame, Calif. - January 26, 2016 - ComplianceEase®, the nation's leading provider of automated compliance solutions to the financial services industry, announced today that it has launched VOE Xpress™, a web-based solution that provides independent authentication of borrower employment and income.

VOE Xpress allows lenders to verify a borrower's employment and income history to demonstrate the borrower's ability to repay as required by the Consumer Financial Protection Bureau's Qualified Mortgage (QM) rule and by government sponsored enterprises (GSEs) and investors.

VOE Xpress validates the borrower's employment and income information via search engines, employment verification databases, and verbal and/or written confirmation from the borrower's employer. The solution then provides complete verification reports on a borrower's name, employment history, employment dates, employment status, job title, and detailed compensation data (i.e., wages, overtime, commissions, and bonuses, if provided by the employer). In some cases, salary history and projected pay increases are also included.

"Documenting evidence of compliance using verification of employment (VOE) is a foundational best practice for all lenders," said Al Ogrodski, senior vice president of Solution Strategy at ComplianceEase. "With VOE Xpress, our clients can conveniently place VOE orders and either download the results from our site or receive the results within their production platform if they are integrated with us—enhancing their workflow and improving efficiency. Similarly, outsourcing the VOE functions to an industry leading compliance expert can further reduce costs and mitigate regulatory and credit risk."

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. 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 or call 1.866.212.Ease(3273).

Press Contact

Bill Campbell
Campbell Lewis Communications

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