Retail Solutions
Retail lenders have greater control over the
origination process and borrower relationship, compared to their wholesale or
investor counterparts. However, with greater control comes the demand for
greater precision and accountability. Mavent provides solutions that enable
retail lenders—no matter how they are chartered or licensed—to
efficiently and profitably ensure that loans meet exactly applicable regulatory
and investor requirements.
Automated Compliance Engine (ACE)
Mavent develops and maintains ACE's that review loan data against
Mavent's
baseline compliance rules, as
customized according to a client's
license or charter authority,
regulatory interpretations and
internal compliance policies. Clients
can select from Mavent's
baseline reviews
which compliance reviews to perform. Mavent's baseline reviews are maintained
current by Mavent and its outside counsel network. Applicable substantive law is
applied based on the the license or charter authority of the lender (including
verification of whether originating branch is properly licensed or exempt for
the subject loan product). The ACE incorporates, where applicable, preemption
options, rate exportation, parity options and statutory elections. Mavent ACE's
can be
deployed in several
ways, based upon workflow and data availability constraints. The most efficient
deployment is an LOS integration, wherein loan data is processed and exception
messages are returned in real-time. (Imagine "spell-check for compliance.")
Batch processing is available, as well. Finally, Mavent’s Compliance Console
(MC
2) is available for lower volumes or for QA purposes.
For more information on Mavent ACE's, click
here.
Lender Licensing Verification & Monitoring
Leveraging its proprietary and continually updated nationwide
repository of licensing data, Mavent verifies and monitors on an ongoing basis a
retail licensed lender's branches to make certain that they are all properly
licensed or exempt. Mavent also ascertains whether a branch's licenses or exempt
statuses grant it the authority to make a particular loan. Mavent's Licensed
Search Engine provides retail lenders with web-based access to Mavent's
licensing database so they can conduct manual research.
Click here for more
information.
RegRisk Intelligence
Mavent's RegRisk
Intelligence practice provides retail lenders with insight and advice that
enable them to operate more profitably without incurring additional—and in
fact, often mitigating—regulatory risk exposure. Typical engagements
include impact analyses of new laws or regulatory frameworks (e.g. effects of
license vs. charter authority) and benchmarking of existing, internal controls.
Click here for more
information. 
Solutions for Retail