27 Feb

VeriComply Closes Angel Round with Key Investors

SAN FRANCISCO, CA (PRWEB) FEBRUARY 27, 2017 VeriComply announced today the closing of an angel round financing with an investor group of seasoned angel investors with decades of experience in marketplace lending, diligence, technology and commercial real estate. The lead investor, Jon Barlow, was the founder of Eaglewood Capital and 2013 Lendit Innovator of the […]

23 Feb

Former LendingClub Executive Joins VeriComply As President

SAN FRANCISCO, CA. (PRWEB) 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 […]

10 Nov

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 […]

05 Aug

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 […]

11 Jul

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 […]

05 Jul

Loan File Review: Does It Have To Be So Painful?

Despite the “Fin Tech” revolution, little has changed in the last 20 years in how portfolios of commercial loan files are reviewed by consultants. It does not matter whether the loan review is to respond to demand by regulators for evidence of compliance or a due diligence demand by warehouse lenders, loan investors or other […]

04 Apr

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 […]

03 Apr

Technology Enabled Professional Services

Technology Enabled Professional Services Senior Executives at Financial Institutions are facing ever mounting pressure to control compliance costs in the face of ever greater complexity and demands for transparency. They face a tough choice, how to get more for less from expensive but mission critical compliance and loan review consultants. The answer is to pressure […]

03 Apr

How To Move From Reactive To Predictive Compliance with VeriComply

Audit and compliance in many organizations is reactive rather than proactive, and perceived as a necessary evil to stay in business. More sophisticated organizations who place a higher value on compliance, are using the data from compliance audits to help their customers gain competitive advantage and mitigate various risk exposures. Audit and compliance data, when […]