Validator replaces sample-based manual testing with
full-population automated testing.
We find the needle in the haystack.
4 Cares Act sections
Sec. 1113. Bankruptcy.
Sec. 4021. Credit protection during COVID–19.
Sec. 4022. Foreclosure moratorium and consumer right to request forbearance.
Sec. 4023. Forbearance of residential mortgage loan payments for multifamily properties with federally backed loan.
14 automated tests
Sec. 1113 – 2 automated tests
Sec. 4021 – 2 automated tests
Sec. 4022 – 7 automated tests
Sec. 4023 – 3 automated tests
5 CARES Act categories
2. Credit Reporting
5. Loss Mitigation – Foreclosure
230 test conditions
Over 15 test conditions on average per automated test
Continuously assess your portfolio to ensure CARES Act compliance.
Sample CARES Act Testing Results Summary
Sec. 4021-Credit Protection
|Testing Not Required||140,996|
|Testing Not Required||113,755|
Working with a large national financial institution Validator produced full-population automated compliance testing reducing costs and increasing efficiency.
> Sample Size: 30
(.01% of total population)
> On a Risk Basis
> 5 Days
> 2 – 3 Resources
> 4 – 6 Tests a Month
> Full Population
> 100% of total population
> 20 Minutes
> Computer Processing
> All CARES Act Requirements
Validator Data Model Provides Comprehensive Dashboard Flexibility
Focus on Remediation vs. Identification.
Validator - CARES Act Compliance
Validator is the only solution in the market to trace operational controls and perform automated compliance testing down to every requirement of the law.
Validator can test your ENTIRE portfolio within minutes to determine if you are compliant with all laws and regulations associated with the CARES ACT, eliminating the need for manual testing.