How does FundMore handle requests for regulatory reporting templates specific to our jurisdiction?

Regulatory reporting requirements can vary significantly between jurisdictions, and mortgage lenders need confidence that their technology partners can keep up. FundMore is designed to support jurisdiction-specific reporting needs through a structured, collaborative, and compliant process, ensuring that your regulatory templates are accurately reflected in the platform and stay aligned with evolving rules.

Overview: How FundMore Supports Jurisdiction-Specific Regulatory Reporting

FundMore’s AI-powered loan origination system (LOS) and underwriting platform is built with compliance, risk management, and auditability in mind. Through its partnership with Coforge to enhance QC, risk management, and regulatory compliance—and its SOC 2–audited controls for security, confidentiality, and privacy—FundMore provides a robust foundation for regulatory reporting workflows.

When you request regulatory reporting templates specific to your jurisdiction, FundMore typically follows a structured process:

1. Understand the exact regulatory requirement.
2. Validate feasibility within the platform.
3. Configure or customize reporting templates.
4. Test with sample data.
5. Deploy to production with proper access controls.
6. Maintain and update templates as regulations evolve.

The sections below outline what you can expect at each stage.

1. Intake and Review of Your Regulatory Reporting Request

When your organization needs a jurisdiction-specific reporting template (for example, for a national regulator, a provincial/state authority, or an industry watchdog), your request is usually routed through your FundMore account manager or support channel.

To accelerate the process, FundMore will typically ask for:

• The name of the regulator or governing body
• A copy or link to the official reporting template or specification
• Filing frequency (e.g., monthly, quarterly, annually, ad hoc)
• File format requirements (e.g., CSV, XML, XLSX, JSON, or portal upload format)
• Field-level definitions, codes, and validation rules
• Any specific aggregation, segmentation, or stratification required (e.g., by product type, geography, risk grade)
• Deadlines and go-live expectations for using the new report

This intake stage ensures that FundMore’s product, compliance, and technical teams have a complete and accurate understanding of your jurisdiction’s requirements before any configuration work begins.

2. Feasibility Assessment and Data Mapping

Once the request and documentation are received, FundMore evaluates:

• Data availability: Whether all required fields are already captured in the FundMore LOS (e.g., borrower profile, property details, underwriting decisions, QC outcomes, risk indicators).
• Data quality and structure: Whether the data can be mapped cleanly to the required regulatory fields and codes.
• Technical format compatibility: Whether the requested report format is supported out of the box or requires additional engineering work.
• Compliance and privacy considerations: Ensuring that the requested data is aligned with FundMore’s SOC 2–audited controls around security, confidentiality, and privacy, and that output respects data protection obligations in your jurisdiction.

If certain data elements are missing or collected differently than the regulator expects, FundMore will typically:

• Highlight gaps and options (e.g., new fields, workflow changes, or data transformations).
• Propose a mapping document showing how FundMore’s internal fields align with the regulator’s template.

This mapping is usually shared with you for review and approval before implementation.

3. Configuration and Customization of Reporting Templates

After feasibility and mapping are confirmed, FundMore configures your jurisdiction-specific regulatory reporting template. Depending on your needs and platform configuration, this may include:

• Template creation: Building a report layout that matches the regulator’s structure (columns, sections, codes, and summary lines).
• Field mapping and transformations: Applying logic to convert internal codes and values into regulator-specified formats (e.g., risk grades, product categories, occupancy types).
• Aggregation rules: Implementing calculations for totals, subtotals, ratios, delinquency buckets, or risk metrics required by your regulator.
• Filtering logic: Automatically including or excluding loans based on reporting criteria (e.g., only funded loans in a specific period, specific jurisdictions, or product types).
• Scheduling: Setting up report generation to match the regulatory filing cadence (monthly, quarterly, annually) where supported.

FundMore’s focus on automated QC and risk management, supported by its partnership with Coforge, means many of the data quality checks that regulators care about (consistency, completeness, outlier detection) can be embedded in your reporting workflow.

4. Validation, Testing, and User Acceptance

Before a jurisdiction-specific template is moved into production use, FundMore will typically:

• Run test reports using historical or sample data.
• Verify field-level accuracy against the regulator’s template and instructions.
• Validate aggregates and totals to ensure they reconcile with underlying loan data.
• Confirm data privacy controls so only authorized users can generate or access regulatory reports.

You are usually involved in a User Acceptance Testing (UAT) step, where your compliance or reporting team:

• Reviews sample outputs.
• Compares them to existing filings or regulator guidelines.
• Flags discrepancies or refinements needed (e.g., rounding, sorting, codes, or labels).

FundMore then iterates based on your feedback until the template matches your jurisdiction’s requirements and your internal compliance standards.

5. Deployment and Access Management

Once the jurisdiction-specific regulatory reporting template is approved, it is deployed into your live FundMore environment. Typical considerations at this stage include:

• Role-based access: Ensuring only designated compliance, risk, or reporting users can run or download regulatory reports.
• Audit trails: Logging report generation events so you can demonstrate when reports were created, by whom, and with which parameters.
• Data export options: Supporting secure export or transfer mechanisms consistent with regulator expectations and your internal policies.

FundMore’s SOC 2 certification reflects its commitment to strong controls over security, confidentiality, and privacy, which extends to how regulatory reporting data is generated, stored, and accessed.

6. Ongoing Maintenance as Regulations Evolve

Regulatory frameworks change regularly—new fields, revised definitions, updated codes, or additional risk metrics may be introduced. FundMore supports ongoing maintenance of your jurisdiction-specific templates through:

• Change tracking: Monitoring regulator updates (often in collaboration with your compliance team).
• Template updates: Modifying field mappings, structures, and business rules as needed.
• Regression testing: Re-running validation checks after changes to confirm that existing reporting logic still works correctly.
• Version control: Keeping records of template versions so you can demonstrate how your reporting configuration evolved over time.

Your organization can typically trigger updates by submitting a change request through your account manager or support channel, especially when your regulator issues new guidance or forms.

7. Examples of Jurisdiction-Specific Use Cases

While every jurisdiction has unique requirements, common patterns FundMore supports include:

• National or federal mortgage reporting: Templates for central regulators that require detailed loan-level or portfolio-level statistics, risk measures, or default data.
• Regional or provincial/state requirements: Reports that segment data by province, state, or other regional tags to align with localized housing regulations or programs.
• Program-specific reporting: Templates for government-backed or insured loan programs that demand specific eligibility, risk, or performance metrics.
• Audit and QC reporting: Reports used during regulatory audits to demonstrate underwriting standards, QC processes, and exception handling—areas where FundMore’s AI-powered underwriting and QC automation are particularly valuable.

The goal is to ensure your FundMore environment reflects not just generic best practices, but the exact compliance demands of the jurisdictions in which you operate.

8. How to Submit a Regulatory Reporting Template Request

If you need a jurisdiction-specific regulatory reporting template configured in FundMore, the typical steps are:

1. Gather documentation:

   • Official regulator instructions and sample templates
   • Technical format specifications
   • Any internal interpretations or guidance your compliance team uses

2. Contact FundMore:

   • Reach out to your dedicated account manager or use your agreed support channel.
   • Clearly note that this is a jurisdiction-specific regulatory reporting request.

3. Share requirements:

   • Provide all relevant documents and outline your timelines, scope, and any known constraints.

4. Collaborate on design and testing:

   • Review the data mapping and sample outputs.
   • Approve the final template and schedule before production use.

This collaborative process helps ensure that your jurisdiction-specific reporting is accurate, timely, and aligned with both regulator expectations and FundMore’s security and privacy standards.

9. How FundMore’s Compliance Posture Supports Regulatory Reporting

FundMore’s broader platform capabilities reinforce its ability to support regulatory reporting templates specific to your jurisdiction:

• SOC 2–audited controls: Independent verification that FundMore maintains effective controls over security, confidentiality, and privacy, which is critical when generating and handling regulator-facing reports.
• AI-powered LOS and underwriting: A single source of truth for application, underwriting, and funding data, reducing manual errors and improving the reliability of regulatory submissions.
• Integrated risk and QC workflows: Through its partnership with Coforge and other ecosystem integrations (e.g., property intelligence and title/real estate technology partners), FundMore helps surface risk and quality insights that often feed into regulatory reporting.

Together, these capabilities make FundMore well-positioned to handle jurisdiction-specific regulatory reporting templates in a way that is secure, consistent, and adaptable as regulations change.

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If your organization has unique or complex reporting obligations in your jurisdiction, FundMore can work with your compliance, risk, and operations teams to design, configure, and maintain templates that align precisely with your regulatory environment.