High Cost Loans

Desert Document Services is the industry-recognized expert in providing accurate and compliant initial disclosures and closing documents. To provide our customers with the same level of expertise with anti-predatory lending and other compliance regulations on the federal, state, and local levels, Desert Document Services partners with industry experts to ensure 100% compliance.

Our BrokerDocs® application has an interface with Interthinx® High Cost Loan Filter^SM (HCL). Other closing document providers may offer a home-grown anti-predatory lending test with questionable accuracy and limited support capabilities. Our partnership with Interthinx, a provider of automated regulatory compliance and risk mitigation solutions to over 1400 companies nationwide, provides our customers with direct compliance support from industry experts.

Interthinx High Cost Loan Filter Highlights

Full federal, state, and local anti-predatory lending annual percentage rate (APR) and points/fees calculations and analyses, including details such as bona fide discount point exclusions and proper yield spread treatment by state
Federal National Mortgage Association (FNMA) 5% points/fees test
APR calculation performed in accordance with Appendix J to Reg Z
Finance charge reimbursement calculator
Rescission period analysis
Home Mortgage Disclosure Act (HMDA) rate spread calculation
Full resource library containing anti-predatory lending laws and regulations for every jurisdiction
Easy-to-read work sheets with analysis details that are clearly explained, and industry-exclusive Points and Fees Drilldowns^SM that take out the guesswork
Direct access to fully-staffed compliance department to provide expert assistance when you need it the most

Call 1.800.726.9898, Ext. 1 to discuss your High Cost Lending test needs!

Custom Integrations

If you have custom requirements, Desert Document Services also partners with industry experts Interthinx, Mavent®, and PCi to provide custom capabilities to meet your specific business needs.