Blockchain Series: Why Blockchain is a paradigm shift that matters?

Why Blockchain is a paradigm shift that matters? The internet has changed every aspect of our lives. However, it is the internet of information where copies of music, videos, and other content can be copied and distributed globally in seconds with little control. This paradigm does not work for Assets, which must be unique, controlled, … Read more

Are you ready for the impending Tsunami? How Blockchain will Transform the Secondary Markets for Financial Assets

What’s the Blockchain  Buzz about? As the media buzz continues to grow about Blockchain’s impact on the entire financial services industry, just about everyone is trying to figure why it matters and how it will affect them. As Blockchain’s impact will vary by industry vertical and use case, this series of blog posts will focus … Read more

VeriComply partners with Christiana Trust to provide Automated Verification and Document Support for Upstart Funding Grantor Trust 2017-1

SAN FRANCISCO, CA (PRWEB) JULY 18, 2017 VeriComply.com, Inc. announced that it had partnered with Wilmington Savings Fund Society, FSB d/b/a Christiana Trust (“Christiana Trust”) to implement the VeriCompliance process. Christiana Trust is acting as Document Custodian for UpStart Grantor Trust 2017-1 which contains a pool of approximately $163 million of unsecured consumer loans originated by … Read more

Former LendingClub Executive Joins VeriComply As President

SAN FRANCISCO, CA.  FEBRUARY 23, 2017 VeriComply announced today the hiring of Roger Dickerson as President to lead the Company’s expansion into the Marketplace Lending industry. VeriComply has developed a suite of products and services to verify the accuracy of loans being sold into the secondary market. The automated loan verification service validates the accuracy … Read more

Digital Compliance in Marketplace Assets in the Secondary Market

Marketplace lending is transforming many aspects of the lending industry. The technology platforms on which these marketplaces operate affect both the origination and the secondary market into which these loans are sold and increasingly securitized. Intuitive webpages collect borrower data, algorithms automate underwriting, providing borrowers with lower rates, better user experience and faster closings. Investors … Read more

VeriComply Presentation and Value Proposition

VeriComply launched the VeriComply FileVault and VeriCompliance Process, the most comprehensive solution for managing portfolios of complex commercial real estate loan files.  The VeriCompliance Process starts with a sophisticated classification and extraction engine that recognizes documents, extracts key data fields, automatically files the documents in the correct folder, and watermarks each document with a unique … Read more

Document Management Systems: No Longer Enough for Managing Loan Files

A major contributing factor to the financial crisis of 2008 was the lack of transparency of trillions of dollars of loans. The lack of transparency made complex loans and asset backed securities illiquid, resulting in a downward spiral of prices as investors all tried to sell at once. In response, complex regulations have been imposed … Read more

VeriComply Launches Solution for Managing Portfolios of Commercial Loans

VeriComply Launches Solution for Managing Portfolios of Commercial Loans by Assembling Trusted Assets from Loans to Capture “Upstream” Diligence for “Downstream” Buyers VeriComplied loans have greater Transparency and Increasing their Liquidity in the Secondary Market and Reducing Compliance Risks and Costs. VeriComply launched the VeriComply FileVault and VeriCompliance Process, the most comprehensive solution for managing … Read more