Technology | Wiz Sentinel

Wiz Sentinel®

Integrate regulatory compliance right into your loan approval process

Stricter lending regulations demand that compliance be built into the approval process from the outset. Post-closing sampling is just not enough to protect you. Compliance checks must be made throughout the loan life cycle to make sure that every loan meets all federal, state and local lending laws.

Wiz Sentinel changes compliance from a post-closing function to an integral part of your lending process. It embeds compliance checks into the loan approval process to ensure that every loan in production or in a pool of closed loans is in compliance with all applicable lending laws and regulations.

These checks include predatory lending, evaluation of high-cost loans, borrower eligibility against OFAC lists, APR calculation, collection and verification of HMDA data, and flood zone location. And because these checks are automatically triggered, your compliance costs are dramatically reduced.

Wiz Sentinel reviews all new loan applications without slowing down loan production and without additional staff. You know at closing that every new loan is in full compliance.

You can also add customized secondary market requirements to help you increase the value of your loan portfolio. Wiz Sentinel gives you the real-time oversight you need to manage compliance, increase productivity and reduce costs.

Available Modules

• Federal (HOEPA status), state and local high cost tests
• Truth-In-Lending (TIL) validation
• APR calculation
• Tangible net benefit assessment
• Configurable investor test
• Texas cash-out 3% limit validation
• State consumer lending laws/State legislation module

Related Services

• High cost loan audit
• Portfolio acquisition due diligence review

Wiz Sentinel is easy to use and requires little training. Our software specialists work with your staff to create a solution that fits your institution's resources and business objectives. You concentrate on closing loans and raising your portfolio's value.

Integrating Wiz Sentinel with Your LOS

Before you select a software provider to address your anti-predatory lending strategy, it's important to know how that company will integrate their solution with your Loan Origination System (LOS).

The consulting methodology we employ for Wiz Sentinel is comprised of a number of stages, starting with project initiation and leading up to project launch. Each stage is supported by a project management resource that is responsible for project tracking and ensuring that each stage is completed within the defined timeframe. Our Project Manager will coordinate weekly check-in calls to assess progress and coordinate meetings with our Senior Regulatory Consultant, Product Management Team, Attorneys, and Developers on an add needed basis.

Our consultants work closely with the law firm of Franzen and Salzano to gain insight into current predatory lending trends and to receive valuable guidance in interpreting predatory lending legislation.

To learn more about Wiz Sentinel, please click on the link at the right.