BRAIN PLC™ - Predatory Lending Compliance

The BRAIN PLC™ application is a web-based tool that has been designed to assist you in performing complete regulatory compliance audits. Powered by BRAIN® technology, this state-of-the-art web application can assist your organization in achieving compliance with Federal, State and local laws and regulations. This web-based tool makes it easy to deploy within your organization. Its web interface is very intuitive to the end user and requires no workstation installation.

System Features and Benefits

	Federal, State and Local laws and regulations.
	Section32 (HOEPA), APR, TILA, state and local High-Cost and Predatory Lending Rules and Regulations.
	Integrates with external systems to eliminate redundant data entry
	BRAIN Smart Forms™ technology ensures efficient and thorough audits.
	Clear and concise reports quickly identify compliance issues and resolutions.
	Interactive help system and detailed compliance documentation.
	Web based application, easy to deploy and maintain.

Regulatory Compliance Review

Regulatory compliance is both a difficult and critical challenge within the mortgage industry. At the Bohan Group, we continually track developments and trends by staying abreast of the latest developments related to statutes and ordinances; from new legislation, to legislative amendment, federal agency preemption, litigious status, to rating agency eligibility. The BRAIN® system is under a constant state of development to meet client needs with respect to this ever-evolving compliance landscape. The BRAIN® software not only identifies loan-level compliance issues related to federal, state, county and municipal regulations, statutes and ordinances, but does so with intentional deference to both rating agency and general Wall Street sentiments and expressed opinions.

Moreover, the flexibility of the BRAIN® database allows us to meet specific client needs through the programming of unique products and/or internal compliance standards. This overview encompassing the entire breadth of the compliance landscape results in the necessary benefit of assurance through the expedient delivery of accurate and complete data to our clients - so necessary in the fast paced world of the secondary market.

Scope of the BRAIN® compliance review:

	Final TILA Disclosures
	Right Of Rescission
	HUD-1 Settlement Statement
	HOEPA/Section 32 Determination
	State Predatory Lending Determination
	Local (county and municipal) Predatory Lending Determination
	State Prepayment Penalty Restrictions and Limitations
	State late Charge and Grace Period Restrictions and Limitations

Industry Leading Technology

The BRAIN PLC™ application was designed using the latest development tools and Internet technologies. The resulting system provides our customers with superior availability and performance. It also provides us with a highly scalable architecture that allows us to maintain and support the system with a higher degree of efficiency than legacy systems.

	Scalable n-tier application architecture built on Microsoft.Net Framework
	Enterprise class data center with fault tolerance and redundant systems for superior availability and performance.
	Secure 128-bit data encryption
	Highly efficient rules based expert system

Why Bohan Group?

Why not use software that has been developed and used by an expert in the industry? The BRAIN® system has been used to review over 1 million loans in a wide range of audits.

	Extensive industry knowledge and compliance resources.
	Industry leader in providing due-diligence services.
	Proven technology used thought the county.
	Superior customer service.
	Impressive client list of leading financial institutions.