Mortgage technology provider Altisource has added a new compliance feature to Equator, its mortgage-servicing software.
The loan management feature allows mortgage servicers to create auditing trails and track compliance reviews. It also follows the entire lifecycle of a loan default, from delinquency to liquidation.
The module “makes it easier and faster for mortgage servicers to comply with the changing regulatory environment,” said John Vella, Altisource’s chief operating officer, in a press release Wednesday.
Altisource is based in Luxembourg. The company recently opened a technology campus in Bangalore, India.