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Comergence Compliance Monitoring, Orange, California, a provider of third-party originator (TPO) monitoring and due-diligence solutions, has released CompEditor(TM), a comprehensive tool to help lenders manage their loan originator compensation agreements as required by federal Regulation Z.
Effective April i, 2011, section 226.25 of Regulation Z, subsection (a) general rule, requires for each transaction subject to the loan originator compensation provision that the creditor maintain records of compensation it...