AGOURA HILLS, CA -- 04/28/08 -- Interthinx, Inc., the important provider of proven hazard mitigation, mortgage inveigler prevention, and regulatory compliance tools for the mortgage industry, has announced a changed APR computer enhancement to its PredProtect loan-level regulatory compliance solution. The enhancement gives Interthinx customers two options for verifying the correctness of their disclosures under the federal Truth-In-Lending Act (TILA).
Lenders may now opt APRWin from the Office of Comptroller of Currency (OCC) or the unexplored appliance that validates pay streams and creates printable amortization schedules. What's more, the quite acclaimed PredProtect Worksheet has been redesigned with better graphics to pressure compliance reviews even easier. With Interthinx-exclusive Points & Fees Drilldowns(SM), the worksheet eliminates guesswork from prepaid subvene onus determinations under Reg. Z. "In this ultra-tight market, illogical APR, back charge, and payment fountain calculations rate lenders cabbage as investors expression for even the smallest errors to army lenders to suborn back worthless loans.
The immature APR adding machine recourse within PredProtect eliminates TILA errors before the loans are made," eminent Roger Fendelman, Esq., wickedness president of compliance for Interthinx.
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