Mavent provides automated regulatory compliance solutions for the mortgage industry. It analyses electronic mortgage loan data to determine whether a mortgage transaction complies with federal and state consumer protection laws related to mortgage lending. Mavent also calculates thresholds and ensures critical regulatory requirements are met that include the Qualified Mortgage (QM) Points and Fees Test, the High-Cost Test, the Higher-Priced Test, State Rules and Enterprise Rules.
Context: Identifying the document.
Document title
Key takeaways: Important information.
The License and NMLS must show PASS at initial disclosure. Any Warning or Fails should be reported to the Loan Officer/Loan Officer Assistant.