The Comergence Difference - Best Practices

We go beyond simple data aggregation and the assumption that the information the third party originator supplied is correct and accurate, including any data sources we access. Additionally, we do not require our clients to have to key in data that could lead to mistakes and a delay in services.

Our expert analysts personally verify all data and information. Additionally, we append the TPOs profile with our own proprietary data and resolve any conflicts prior to delivering actionable results to our lender clients. All of these actions add up to a set of industry best practices that have never been applied to the process of reviewing TPO applicants.

Features

• Electronic application
• Document upload and storage
• Web-based 24/7 access
• No software to download or configure
• Ability to approve TPOs by branch
• All data expertly verified
• Credit monitoring and detail of negative events
• All history retained for audit purposes
• TPO and Lender AE can track application status
• Application Protocol Interface (API) provides ability to transfer data to any Loan Origination System
• Robust reporting

Benefits

• The potential for significant cost savings
• Consistent quality and objectivity
• Protects lenders from broker assisted fraud or abuse
• Improved operational efficiencies
• Expedited TPO approval turn times
• Missing item auto reminders sent to TPO & assigned AE
• Instantly approvable for TPOs previously registered
• Scalable to market conditions