Case Study: a mortgage services company achieves compliance peace of mind with Libryo

Mortgage services company makes significant time and cost savings with Libryo’s technology

A mortgage services company needed to find a cost-effective way to track its regulatory obligations without hiring a full-time compliance manager. The process of manually monitoring for legal changes was a significant and expensive burden on its Chief Legal Officer and outsourcing the work to a law firm was also cost-prohibitive. They turned to Libryo for a technology solution to never miss a regulatory update.

Libryo implemented its tracking technology to create a tailored Stream that monitors applicable laws and automatically notifies users of any changes. This solution, which was significantly cheaper than the alternatives, freed up the Chief Legal Officer’s time and provided the company with peace of mind regarding its legal risk and compliance. Libryo also provided a documents function to streamline the audit process for their financial backers.