November 21, 2017 9:41 AM ET

Software

Company Overview of QuestSoft Corporation

Company Overview

QuestSoft Corporation provides automated compliance software and services to mortgage, banking, and credit union industries in the United States. The company offers Compliance EAGLE, an automated compliance review solution that automates the mortgage lending compliance process in a single system; Home Mortgage Disclosure Act (HMDA) RELIEF, a streamlined HMDA and fair lending compliance solution; and Community Reinvestment Act RELIEF, a community development loan tracking and reporting system that imports and stores loan data for mandatory, optional, and community development lines of business. It also offers Compliance RELIEF, a consolidated regulatory reporting solution; Compliance VERIFY, ...

23441 South Pointe Drive

Suite 270

Laguna Hills, CA 92653-1559

United States

Founded in 1995

Phone:

949-837-9506

Fax:

949-837-9507

Key Executives for QuestSoft Corporation

Founder and President
Vice President of Compliance Services
Vice President of Customer Support & Training
Vice President of Business Development for Compliance Eagle System
Compensation as of Fiscal Year 2017.

QuestSoft Corporation Key Developments

QuestSoft Partners with Specialized Data Systems’ RemoteLender to Automate Mortgage Compliance

QuestSoft has partnered with Specialized Data Systems (SDS) to provide end-to-end digital mortgage compliance. The partnership integrates QuestSoft’s software, Compliance EAGLE, with SDS’ loan origination system (LOS) RemoteLender. Through the integration, lenders can save time and avoid costly penalties by testing every loan for full adherence to national, state and investor rules and regulations both and pre- and post-closing. Applying new regulatory guidelines as they are released, Compliance EAGLE provides the most up-to-date system for compliance in a single platform. This integration delivers increased speed, ensures data integrity and enhances reporting capabilities as well. Compliance EAGLE provides RemoteLender users with automated compliance rule sets that can automate the screening of loans for adherence to Ability-to-Repay/Qualified Mortgage (ATR/QM), Home Mortgage Disclosure Act (HMDA), Home Ownership and Equity Protection Act (HOEPA), Office of Foreign Assets Control (OFAC), Social Security Number (SSN) checks, and additional regulations. Users can select the services, reviews and tests most needed to administer and quickly view the results, gaining valuable insight on which services have passed or failed. Furthermore, QuestSoft's Compliance EAGLE software verifies and complies with federal, state, local consumer and high cost tests. RemoteLender is a customizable LOS which encompasses all loan types within one platform from point of sale to closing. This all-in-one loan origination software uses rules-based technology to provide the flexibility and configurability needed to create a system that will grow with the needs of an institution.

PowerLender Enhances Mortgage Compliance through Integration with QuestSoft’s Compliance EAGLE

QuestSoft now offers its end-to-end mortgage compliance platform to more lenders nationwide through an integration with Associated Software Consultants Inc.’s (ASC) PowerLender® loan origination system (LOS). With Compliance EAGLE’s proactive loan compliance tools and capabilities, lenders using PowerLender can save time and avoid costly penalties by testing every loan for full adherence to national, state and investor rules and regulations both and pre- and post-closing. Compliance EAGLE automates the entire mortgage lending compliance process through a single platform, delivering increased speed, data integrity, and reporting capabilities. Additionally, as new regulatory guidelines are introduced to the mortgage industry, Compliance EAGLE automatically applies updates to maintain optimal compliance procedures. Lenders using PowerLender and Compliance EAGLE’s automated compliance rule sets can automate the screening of loans for adherence to Ability-to-Repay/Qualified Mortgage (ATR/QM), Home Mortgage Disclosure Act (HMDA), Home Ownership and Equity Protection Act (HOEPA), Office of Foreign Assets Control (OFAC), Social Security Number (SSN) checks, and more regulations. Users can select the services, reviews and tests to administer and quickly view the results, gaining valuable insight on which services have passed or failed. Furthermore, QuestSoft's Compliance EAGLE software verifies and complies with federal, state, local consumer and high cost tests.

QuestSoft Partners with The HMDA Academy to Provide Compliance RELIEF™ Customers for the new CFPB HMDA Rules

QuestSoft has partnered with Key Compliance Services, creators of The HMDA Academy, to provide their Compliance RELIEF™ customers with a complete suite of informational and multimedia tools that complement their robust and platform. The addition of The HMDA Academy knowledge base provides QuestSoft’s Compliance RELIEF HMDA customers access to up to the minute training and consulting on the new CFPB HMDA rules which will begin to be implemented in 2017, culminating in 2018. These changes represent the most sweeping revisions to the Home Mortgage Disclosure Act (HMDA) since its inception in 1975. Training is provided to users via webinars, all of which are recorded and available for unlimited viewing. In addition, Compliance RELIEF HMDA customers will gain access to a wide variety of job aids, charts, and other tools to tackle the complexities of the HMDA modifications. The agreement will provide eligible QuestSoft customers with complimentary access to these resources through March, 2019 to help ensure that their initial submission under the new rules is completely compliant with the CFPB intent and ruling. Outside of providing customers with new compliance information and demystifying the regulation, the platform also enables users to post detailed questions and receive specific answers from The HMDA Academy team of subject matter experts. The information provided will assist customers in better understanding the rules and further developing and implementing new processes to manage compliance. QuestSoft’s Compliance RELIEF combines the company’s best-selling HMDA RELIEF® and CRA RELIEF® software, as well as automated mapping and tools that automate compliance for other supported regulations including Fair Lending, Geocoding and NMLS Mortgage Call Reports, into a single, simple interface. The software reduces the time spent on compliance by enabling users to access all subscribed modules in the same platform.

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