Nexval won Progress in Lending Association’s Innovation Award 2022 for its ARC platform. ARC, which stands for Audit Risk and Compliance, enables all stakeholders in the mortgage process to tackle risk management with unprecedented speed, efficiency and transparency. It provides an in-depth view of all aspects of managing risk, from audits to compliance, and helps reduce enterprise risk by intervening in real-time through a risk dashboard to address areas of the organization that are trending towards higher risk. By utilizing this integrated, workflow-enabled platform, all mortgage participants are empowered to obtain a complete view of risk management processes, mitigate risk in real-time, and ensure compliance. ARC is a gamechanger for an industry that’s been slow to implement technology that can mitigate risk as it happens.
Click this link to watch the Innovation Award video.