Sam Miller
Posted 1 month ago
This caught risk we would have completely missed
Compliancely is not a “set it and forget it” compliance tool, which is its biggest strength. We had a borrower sail through underwriting with no issues, and Compliancely flagged the risk almost immediately instead of us finding it months later during a quarterly review. That single catch essentially paid for the platform. The dashboards are solid, but they’re not very opinionated. You need to know what you’re looking for, which works well if you have an experienced risk team but may be less helpful for newer functions. Overall, it meaningfully closes the gap between underwriting and servicing, giving us visibility after loans are booked and helping keep our portfolio healthier.
What was the project name that you have worked with Compliancely?
KYC Software
How long have you used Compliancely?
2 Years
How frequently you use Compliancely?
Weekly
How do you find pricing of Compliancely?
inexpensive
What do you like the most about Compliancely?
What I really value is that Compliancely is not a “set it and forget it” check. We had a borrower breeze through underwriting with no issues. Compliancely picked it up right away instead of us waiting until our quarterly review to discover it. That single catch pretty much paid for the platform.
What do you like the least about Compliancely?
The dashboards are solid, but they’re not very “opinionated”. You need to know what you’re looking for, which is fine if you have an experienced risk function.
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