Validator replaces sample-based manual testing with
full-population automated testing.
We find the needle in the haystack.
Validator is the only solution to provide full-population automated compliance testing of the entire loan portfolio. Full reporting, real-time dashboards, and advanced analytics allow you to monitor the state of your compliance program.
Business requirements are written at the lowest level of the law. These requirements are then turned into rules and tested using data elements.
Validator provides full collaboration, through automated workflow that drives compliance activities.
Validator CFPB Tests:
9 CFPB servicing modules
Covering routine servicing
148 automated tests
More than 4 tests on average per category.
Covered by 148 automated tests.
100s of test conditions
Test results are provided daily.
CFPB Module 1
Servicing and Loan Ownership Transfers
CFPB Module 2
Payment Processing, Account Maintenance, and Optional Products
- Payment Processing
- Optional Products
- Periodic/Billing Statements
- Adjustable-Rate Mortgage Disclosures
- EFTA (Electronic Payment Processing)
- Payoff Statements
- Treatment of Credit Balances
CFPB Module 3
Error Resolution, Consumer Inquiries, and Compliant Procedures
Billing Error Resolution
CFPB Module 4
Maintenance of Escrow Accounts and Insurance Products
Force Placed Insurance
CFPB Module 5
Credit Reporting (Including Responses to Credit Disputes)
CFPB Module 6
Information Sharing and Privacy
CFPB Module 7
Collections and Accounts in Bankruptcy
CFPB Module 8
Loss Mitigation, Early Intervention, and Continuity of Contact
Continuity of Contact
CFPB Module 9
Miscellaneous State Specific Notices/Disclosures
Validator CARES Act Tests:
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.
Azimuth 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 eliminating the need for manual testing.