SCRA and MLA Compliance demo
Every applicant and account checked for military protections, and every active-duty notice turned into the right rate. 1:14
What the demo shows
A compliance solution for lenders that checks military status and applies the rate cap.
Six agents read every active-duty notice the day it arrives, find every account the borrower holds — joint ones too — back-date the 6% cap to the day of call-up and work the refund to the cent, and test every covered applicant’s all-in rate against 36%; the compliance analyst approves.
Transcript
- SCRA and MLA Compliance reprices loans for service members to the legal rate cap.
- Sergeant Whitfield was called up in July.
- Servicing set 6% from his email date.
- The ledger shows each account before and after the cap, period by period.
- From a notice date, the refund is $90.
- His orders say July 14th.
- The agents also found a home equity line he holds with his wife.
- Danielle backdates the cap.
- The ledger recalculates. Refund owed, $863.40.
- The late fee comes back too.
- Payments fall $275 a month.
- She approves. The letter and the credits go out the same day.
- His wife's loan hit a payment plan that pushed it to 40%.
- Blocked. Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.