LogicEase receives initial approval for automated loan compliance patent.

LogicEase Solutions Inc., Burlingame, California--provider of a suite of risk-management solutions called ComplianceEase[R]--announced it has received a notice of allowance for a patent on its automated compliance system from the U.S. Patent and Trademark Office.

The allowed patent, "System

ComplianceAnalyzer examines mortgage loans and, in real-time, produces audit reports with summary and detailed findings regarding loan-level compliance with applicable laws and regulations at multiple jurisdictional levels.

The awarding of the patent further validates ComplianceEase's innovation in the regulatory compliance space, and recognizes it as the pioneer of this important technology, according to Jason Roth, senior vice president and named inventor on the patent.

"At ComplianceEase, we have pioneered the field of automated lending compliance, and I am very pleased that the United States Patent and Trademark Office has recognized the novel innovations that we have developed," said Roth. "This important milestone helps us give the residential mortgage industry confidence that we will continue to be the leading compliance automation provider for years to come."

In today's increasingly volatile market environment, regulatory compliance is becoming one of the most significant risk-management issues for financial institutions of all sizes, said Roth.

As a result, Roth said ComplianceEase's team created ComplianceAnalyzer--a Web-based system that includes the use of rules-based artificial intelligence, an intuitive mapping of business concepts on the loan to concepts within the rules, and a natural language processor to manage all of the compliance rules in plain English sentences.

The system not only determines if a loan complies with regulations, but also automatically determines which rules should apply to the loan, based on numerous aspects of the transaction in question, said Roth.