Automated Compliance & Data Security
Security Solution
With Credex, compliance is made easy by a number of tools designed to help with administrative tasks, maintaining consumer confidentiality and compliance documentation.
As the Broker/Owner or Compliance Manager you know the importance of following up with loan officers to ensure that all regulations are being adhered to. Through Credex, you are easily able to:
- Manage and monitor all offices/branches, users and leads
- Add/remove users at any time
- View all applications and credit files
Credex understands the highly sensitive nature of accessing confidential consumer credit. As a result we have created a tool that keeps Credex users and applicants in compliance by providing:
- Credit report information
- FACTA disclosure
- Credit report receipt
Credex ensures that each applicant securely completes and orders their application and credit report with their billing information encrypted as noted by the Verisign logo. When an applicant accesses their credit information, they complete the same security process as required by the credit repositories for accessing credit data.
All Credex users are approved through their CRA to ensure regulatory compliance and create credentials to securely login to Credex. The user's visibility to seeing data for their leads is restricted to the user, an office administrator, and only those team members the user has designated.
Problem: Compliance and User Security
Larry has lots of applicants each month since implementing his marketing campaign. But how does he make sure his applicants are transmitting their information to him securely and his leads aren't viewed by other loan officers looking for leads?
Solution: Credex Keeps Information Secure
Once the applicant starts their application, they are automatically in a secure environment where their confidential information is transmitted securely to the CRA to pull their credit report, and to Larry's LeadVault where only he, an office administrator and designated individuals on his team (like his processor) have access to viewing the data. And on a bonus note, the applicant is provided with secure access to view his FACTA disclosure and credit report using the repositories' security process so Larry also stays in compliance with credit disclosures without manually managing that process.