Navigate compliance and operations—all in one spot.
Compliance & Operations Experience
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Standardize
Lend with confidence knowing your team is aligned with your lending policy. Increase compliance controls through real-time reporting and file-level HMDA validation.
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Navigate
Adapt to ever-changing regulations and complex operations with ease. Map and optimize your lending process at a high-level, and audit trails down to a specific loan.
Adapt
Streamline change management at the click of a button. Get access to loan-level audit trails and easily train and deploy change processes.
Standardize
Standardize (and simplify) compliance
Navigate
Navigate the lending process with ease
Unify
Unify vendor management
Simplified operations experience—from compliance to audit trail
Centralized Lending Processes
Coviance creates consistency with automation—in one spot. Our pre-built and adaptive workflows map to your unique lending policies so you can see both the overall workflow and specific loan audit trails.
Unified Billing & Operations Management
Enable operational efficiency from centralizing loan operations into a single platform with one user interface, one log-in (or single-sign on), and one invoice.
HMDA Compliance Automation
Our proprietary software is the only one on the market that validates at a loan-level and proactively adjusts to reflect any field changes or CFPB requirements, eliminating the need to chase errors.
Coviance is accessible, friendly, easy to reach, and they’re quick to react to solving problems. “They’re very responsive to us, and it’s made it very easy for us to do what we do.
Return on Investment
38%
increase in closing percentage
Simplify lending operations—so you can focus on what really matters.
Frequently Asked Questions
Can't find what you're looking for?
Coviance's platform offers a number of operational benefits for home equity lending:
- Reduce errors: By automating tasks and improving data validation, Coviance reduces the number of errors in loan applications, saving lenders time and money by reducing rework.
- Improve efficiency: Coviance's platform streamlines the home equity lending process to close loans faster and increase loan origination volume and profitability.
- Reduce costs: By automating tasks and improving efficiency, Coviance reduces the overall cost of originating home equity loans.
Coviance’s HMDA Compliance Validation Tool actively incorporates the latest changes from the Consumer Financial Protection Bureau (CFPB) for HMDA submissions, automatically reflecting current requirements. Our solution is the only one that validates HMDA at the file level, saving hours, days, or weeks in data collection and submission. Coviance enables lenders to pinpoint errors and find gaps in reporting on a monthly or quarterly basis.