This company provides MESH Auditor, an operating system for mortgage loan servicing compliance that automatically measures loan portfolios against over 1,000 regulations daily. The platform encodes regulatory requirements into code, enabling daily portfolio coverage and targeted file audits to significantly reduce compliance costs. MESH helps servicers track performance, prioritize high-risk loans, and reduce exposure to regulatory fines.
Funding
Funding not disclosed
Founders
Product
Problem
Mortgage loan servicers face a complex and ever-changing regulatory landscape, with thousands of legal obligations to track and adhere to. Manually monitoring compliance across loan portfolios is time-consuming, error-prone, and exposes servicers to the risk of costly fines from regulatory bodies like the CFPB.
Solution
MESH Auditor is a compliance monitoring platform designed to automate regulatory adherence for mortgage loan servicers. The platform encodes over 1,000 federal, state, and agency mortgage regulations into actionable, data-driven insights. By continuously measuring loan performance against these regulations, MESH Auditor enables servicers to proactively identify and remediate non-compliant loans. The platform provides at-a-glance dashboards, drill-down capabilities, and comprehensive reporting tools to streamline compliance workflows and reduce the risk of regulatory violations. MESH Auditor empowers mortgage servicers to maintain compliance with confidence, minimize financial penalties, and optimize operational efficiency.
Target Audience
The primary target audience is mortgage loan servicers seeking to automate compliance monitoring, reduce the risk of regulatory fines, and improve operational efficiency.
Features
- Encodes over 1,000 mortgage regulations from CFPB, agencies, states, and statutes into computer code.
- Provides at-a-glance dashboards displaying monthly compliance performance by loan type, delinquency status, sub-serviced portfolio, operations team, and assigned staff.
- Offers drill-down capabilities to identify and track non-compliant loans for remediation.
- Allows users to view the exact language of each encoded regulation.
- Enables the setting of custom policies that are stricter than regulations, creating multiple tripwires before violations occur.
- Facilitates the tracking of loan cohorts for follow-up and mitigation.
- Includes built-in business intelligence tools for easy communication of progress.