The Problem
How many separate entities have the right to audit your business?
Not only do you have too many agencies setting up regulatory guidelines for you to follow, but they keep changing the rules on you.
So, what's the penalty if one of their audits uncovers problems with how you conduct business?
- Slap on the wrist?
- Small fine?
- Big fine?
- Buyback some loans?
- Go out of business?
- Jail time?
Whatever the severity of the penalty, failing an audit isn't a good thing.
The Solution
DMD's suite is designed to help you enforce proper lending practices.
- Ensure data integrity, data completeness, and data change management
- Rules stop your process if the loan isn't ready to advance
- Paperless loan files make it easy for auditors to instantly find what they need
- Activity log system shows you who did what and when to each loan file
- Conversations are saved between all parties on each loan
- Built-in reports show that you are in control over your business
We can't stop the auditor from knocking on your door, but when they see that your operation is fully streamlined, paperless, and that you are in control, you'll find your audits go much smoother and quicker than they have in the past.
The Details
If reducing the anxiety and threat of audits is important to your peace of mind be sure to ask about it specifically while participating in a demonstration of our solution.