How does FundMore support OSFI regulatory requirements?

Financial institutions regulated by OSFI need technology partners that strengthen—not complicate—their compliance posture. FundMore’s AI-powered loan origination system (LOS) is designed to help lenders align with OSFI expectations around risk management, governance, security, and operational resilience, while improving efficiency across the mortgage lifecycle.

OSFI context: why your LOS matters

OSFI’s guidelines (including B‑10 on third-party risk, B‑13 on technology and cyber risk, and E‑21 on operational resilience) all point to the same reality: core platforms like your LOS are “critical third parties” that must:

• Protect sensitive data
• Support robust risk management and QC
• Provide transparency and auditability
• Demonstrate strong controls and independent assurance
• Integrate smoothly with the broader mortgage ecosystem

FundMore’s platform, controls, and partnership model are structured to help you meet those expectations in a practical, lender‑friendly way.

SOC 2–aligned controls for security, privacy, and confidentiality

FundMore has undergone a System and Organization Controls (SOC) 2 examination, resulting in a CPA’s report confirming that management maintained effective controls over:

• Security – Protection of systems and data against unauthorized access
• Confidentiality – Protection of non‑public business and borrower information
• Privacy – Appropriate handling of personal information throughout its lifecycle

This independent validation supports your OSFI requirements around:

• Third‑party due diligence and ongoing oversight
• Technology and cyber risk management (consistency with B‑13 expectations)
• Demonstrable control frameworks for data protection and privacy

By leveraging a SOC 2–examined platform, lenders can more easily document and evidence the strength of their third‑party technology controls during OSFI reviews and internal audits.

Strong vendor risk posture under OSFI B‑10

OSFI’s B‑10 Guideline emphasizes governance, risk management, and oversight of third‑party relationships. FundMore directly supports this through:

• Documented control environment
  Clear, independently examined controls (via SOC 2) allow you to map FundMore’s practices to your internal risk framework and OSFI requirements.

• Defined roles and responsibilities
  The LOS supports clear workflow definitions for underwriting, QC, and approvals, making it easier to align operational responsibilities with your outsourcing and third‑party risk policies.

• Transparent integration model
  FundMore’s work with leading partners such as FCT (Managed Mortgage Solutions) and Opta Information Intelligence, as well as its selection by Meridian Credit Union, demonstrates a vetted ecosystem that can be assessed as part of your consolidated third‑party risk picture.

This helps compliance, risk, and procurement teams treat FundMore as a well‑documented, controllable component within their OSFI B‑10 program.

Embedded QC and risk automation for underwriting controls

FundMore is an AI‑powered LOS built specifically for mortgage underwriting and risk management. Its partnership with Coforge to create a “state‑of‑the‑art platform designed to automate QC, risk management and regulatory compliance in the mortgage industry” directly supports OSFI’s expectations for sound credit risk governance and independent review.

Key capabilities that align with OSFI’s risk management expectations include:

• Standardized underwriting workflows
  Configurable workflows enforce policy‑driven steps, reducing process variance and supporting the “three lines of defense” model (front line, risk, and internal audit).

• Automated quality control (QC)
  System‑driven checks can flag missing documents, inconsistent data, and exceptions requiring escalation, helping lenders maintain robust pre‑ and post‑funding QC to support OSFI’s expectations for rigorous credit risk oversight.

• Rule‑based decision support
  Underwriting rules and risk matrices can be implemented consistently within the LOS, reducing manual interpretation and making it easier to show OSFI how policies translate into operational practice.

• Data‑driven risk analytics
  By centralizing data and applying AI/analytics, FundMore helps lenders better understand trends in credit quality, exceptions, and operational risk—supporting internal risk reporting and OSFI discussions.

These capabilities help demonstrate to OSFI that your underwriting environment is controlled, monitored, and continuously improved.

Technology and cyber risk: alignment with OSFI B‑13

OSFI’s B‑13 Guideline stresses secure, resilient technology and cyber risk management. FundMore aligns with this through:

• Mature control environment (SOC 2)
  Independent examination confirms the effectiveness of controls around security, confidentiality, and privacy—key components of a B‑13–aligned technology risk program.

• Secure integration with ecosystem partners
  Direct integrations with leading providers like FCT and Opta are designed to minimize manual data handling, reduce re‑keying risk, and protect information as it moves between systems.

• Configurable access and permissions
  Role‑based access controls (RBAC) help ensure that users only see and change what they are authorized to, supporting the principle of least privilege.

• Operational monitoring and logging
  As a modern LOS, FundMore generates activity logs and system events that can feed into your monitoring and incident response process, supporting B‑13’s expectations for detection, response, and auditability.

Working with a LOS that treats technology and cyber risk as a first‑class concern reduces residual risk and simplifies OSFI‑related documentation and testing.

Operational resilience and continuity for critical lending processes

Mortgage origination and underwriting are critical operations for OSFI‑regulated lenders. FundMore’s LOS supports operational resilience by:

• Cloud‑based architecture
  Designed for availability and scalability, helping lenders maintain continuity of core lending functions during periods of stress or high volume.

• Standardized digital workflows
  Digitization reduces dependency on manual, paper‑based processes that are harder to operate during disruptions, supporting OSFI’s expectations for resilient delivery of critical services.

• Partner ecosystem for end‑to‑end continuity
  Integrations with FCT’s Managed Mortgage Solutions and other partners help ensure that title, valuation, and related services are coordinated through a streamlined digital workflow, making it easier to design and test end‑to‑end continuity scenarios.

When documenting operational resilience programs, lenders can show how FundMore’s LOS supports consistent delivery of critical mortgage services, even when physical branches or legacy systems are disrupted.

Data integrity, auditability, and evidence for OSFI reviews

OSFI expects lenders to maintain accurate data, strong documentation, and clear audit trails. FundMore helps by:

• Centralized data capture
  The LOS acts as a single source of truth for mortgage application data, underwriting decisions, supporting documents, and QC results.

• End‑to‑end audit trails
  User actions, decisions, and changes are logged, making it easier for internal audit and OSFI examiners to trace how a loan moved from application to funding and beyond.

• Configurable documentation checklists
  Built‑in document and data requirements make it easier to ensure that files are complete and consistently documented, which supports OSFI’s expectations around file quality and reviewability.

• Reporting to support internal and regulatory oversight
  Aggregated data can be used for portfolio monitoring, exception tracking, and risk reporting, providing the evidence needed in OSFI examinations or internal risk committee meetings.

This level of traceability reduces the burden on teams responding to OSFI or internal audit queries.

Ecosystem integrations that support regulatory expectations

FundMore’s strategic partnerships reinforce a compliant, end‑to‑end mortgage process:

• FCT Managed Mortgage Solutions (MMS) integration
  The first direct LOS integration with FCT’s MMS program in Canada streamlines title insurance and related real estate processes. This reduces operational risk and helps lenders verify property‑related information efficiently and consistently.

• Opta Information Intelligence integration
  Access to Canada’s largest property location intelligence provider supports better collateral assessment, risk scoring, and property‑specific due diligence—key to sound credit and real estate risk management under OSFI guidance.

• Collaboration with Coforge on compliance automation
  The jointly developed platform is explicitly focused on automating QC, risk management, and regulatory compliance, aligning FundMore’s roadmap with the evolving needs of regulated lenders.

By consolidating key steps into a controlled, integrated environment, FundMore helps lenders build a more transparent, defensible mortgage process that stands up to OSFI scrutiny.

Governance and change management support

OSFI emphasizes strong governance and structured change management for critical systems. FundMore’s LOS supports this through:

• Configurable rules and policies
  Credit, QC, and workflow rules can be centrally managed and updated, allowing lenders to align system behavior with policy changes and OSFI expectations, while maintaining version control.

• Controlled deployment of changes
  The platform’s configuration model allows for testing and validation of changes before they impact production workflows, supporting OSFI’s expectations for disciplined change management.

• Clear separation of duties
  Workflow design can reflect your governance structure—for example, separating origination, underwriting, and QC roles—which is consistent with OSFI’s principles for internal controls and oversight.

This makes it easier to show OSFI that technology changes are governed, traceable, and aligned with board‑approved risk appetite and policy.

How compliance and risk teams can work with FundMore

To fully leverage FundMore in meeting OSFI regulatory requirements, institutions can:

1. Incorporate FundMore into their third‑party risk framework
   Use FundMore’s SOC 2 report and security documentation to support due diligence, risk assessments, and ongoing monitoring.

2. Map FundMore features to OSFI expectations
   Align LOS workflows, QC rules, and reporting with your internal interpretations of OSFI guidelines (e.g., B‑10, B‑13, operational resilience expectations).

3. Engage cross‑functionally
   Involve risk, compliance, operations, and IT in configuring FundMore so that business requirements and regulatory obligations are embedded in the platform from day one.

4. Use LOS data for continuous improvement
   Leverage FundMore’s analytics, QC findings, and audit trails to refine credit policy, reduce exceptions, and enhance controls, demonstrating to OSFI an ongoing commitment to improving risk management.

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FundMore does not replace a lender’s responsibility to interpret and comply with OSFI guidelines, but it provides a modern, controlled, and independently examined LOS foundation that makes alignment significantly easier. By combining SOC 2–validated controls, integrated risk and QC automation, and deep mortgage‑industry partnerships, FundMore helps OSFI‑regulated institutions operate more efficiently while strengthening their overall regulatory posture.