About Mavent / What Sets Mavent ApartWhat Sets Mavent Apart?
Why do five out of the seven largest mortgage institutions rely on Mavent? Effectively managing an institution's compliance risk requires the wisdom of an experienced team, wrapped around core technologies that leverage the team's skills, and is guided by a rigorous, precise process that ensures the best execution.
Legal Expertise & Quality
Mavent’s in-house legal team, along with its network of nationally recognized consumer credit law firms (including Hudson Cook, Buckley Kolar and Pierce Atwood) work together to continuously identify and interpret the relevant residential mortgage laws, regulations, court opinions and trends for every state and local jurisdiction. These rules are compiled in Mavent’s Baseline Compliance Reviews and are authored, implemented and tested by Mavent’s in-house team of consumer credit attorneys and quality assurance technicians.
By utilizing the industry’s most accomplished and technically-qualified personnel, Mavent makes certain that the complexities and nuances of compliance risk management are fully considered. Mavent’s outside counsel network, along with its in-house Legal Team of experts, apply a consensus approach to maintaining its Baseline Compliance Reviews to ensure that its reviews are unbiased and well reasoned. This approach reflects Mavent’s commitment to being the leading provider of the most accurate residential mortgage compliance solution in the industry.
Learn more about Mavent’s Baseline Compliance Rules.
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Client Customization
Mavent offers clients the flexibility to maintain complete control of their compliance risk management by customizing reviews and rules according to their organizations unique interpretations and internal compliance policies. By building and customizing their own Mavent ACE, clients are able to benefit from the experience and expertise of Mavent’s team and its technology without surrendering control of their compliance function.
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Training and Support
Mavent's Support Specialists are available to assist clients with issues ranging from user administration and system functionality questions to clarification of loan-level compliance exceptions. The support team regularly sends clients updates regarding regulatory changes and upcoming legal rule additions or modifications. In addition, the support team is available to facilitate client specific needs with regard to rule modification or other client specific requirements.
Learn more about Mavent’s Training and Support.
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Certainty and Efficiency
Maintaining an automated compliance engine that is current with the most recent regulatory requirements can be an inefficient investment for even the largest institutions. By ensuring that a client’s ACE is always up-to-date, Mavent provides institutions with certainty that they will meet their regulatory requirements-- at all times.
Except for court opinions or emergency regulation that are immediately effective upon enactment, review modifications are updated prior to the regulatory requirement’s effective date. This provides clients with ample time to consider the impact to their business. It also enables institutions to realize operational efficiencies by redeploying resources to its core competencies.