eOriginal, a digital transaction management solutions provider, announced the launch of Datalytics, a new real-time asset-level auditing and compliance solution for the financial services industry.
Driven by the increasing demand for detailed real-time monitoring in support of eOriginal’s fully electronic mortgage solution, Datalytics provides analysis, monitoring, and reporting of origination data for faster audit request response and to prevent errors and re-submissions. The solution provides a full chain of custody for data across the loan process at the asset-level.
The new solution complements eOriginal’s eAsset Management Platform for managing electronic business transactions and protecting financial assets post-signature throughout their lifecycle. Incorporating origination data into a configurable dashboard with intuitive drill down capabilities, Datalytics provides asset-backed security (ABS) buyers with asset-level data and document association with confirmation that there have been no modifications and alerts if there are any.
The enhanced level of insight offers organizations in the banking and financial services industries advantages that solve industry-specific problems by:
Providing real-time, ongoing audit reporting capabilities;
Eliminating the requirement to create custom one-time databases pulling documents from multiple silos;
Detecting anomalies to minimize errors and resubmissions;
Providing data and document integrity checking; and
Building securitization pools and monitor tranches, including alerts for any anomalies.
Datalytics is a key component to the eOriginal end-to-end mortgage platform. In collaboration with several integrated partners, eOriginal can deliver a fully digital process that includes eNotarization, eRecording, eWarehousing, eCustodian services and industry-standard compliant SmartDocs and Forms.