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Mortgage Tech News: Quandis Inc. Adds New Imaging Functionality to its Military Search Service for SCRA Compliance
RANCHO SANTA MARGARITA, Calif. /California Newswire/ -- Quandis, Inc., a leading default management mortgage technology provider, announced that it has added new functionality that allows servicers and default attorneys to more easily manage images of official certificates from the Department of Defense (DoD) to demonstrate proof of compliance for adherence to the Servicemembers Civil Relief Act (SCRA).
Quandis Unveils Technology Solution to Help Lending Entities Comply with Changes to the Military Lending Act
FOOTHILL RANCH, Calif., June 23, 2016 (SEND2PRESS NEWSWIRE) -- Quandis, Inc., a leading provider of default management software and services, announced that it released a technology solution to help lending organizations comply with changes to the Military Lending Act (MLA) that take effect on Oct. 3, 2016. The MLA provides a number of new rules set forth by the Department of Defense (DoD) that impacts lenders working with active duty service members and their dependents. Failure to adhere to the DoD's amended compliance rules can result in severe repercussions.
Financial Firms Can Better Comply with Servicemembers Civil Relief Act with Quandis' Military Search Service
FOOTHILL RANCH, Calif. /California Newswire/ -- Quandis, Inc., a leading provider of default management technology solutions, announced today that it developed and incorporated a sophisticated data parsing and analysis component into its Military Search Service. The new functionality assists servicers and default attorneys in adhering to the Servicemembers Civil Relief Act (SCRA) in order to avoid non-compliance, lawsuits and fines.