How does Status Sweep help compliance issues?
A. There are many facets to compliance with various State and Federal guidelines and not one tool on the market will fully guarantee you to be ‘in compliance’. However, when used properly Status Sweep along with DocKeeper will greatly discourage and identify rogue branch and loan officer activity because instant access to loan data, documents and timelines are built into the system. Beyond this, the archiving feature will save enormous time and money during audits as reports can be generated instantly to present to auditors. Qvault continues to develop new functionality and concepts to assist our clients with improved compliance monitoring.
