Introducing the ComergenceS.A.R.A Report. S.A.R.A. stands for Safe Act Regression Analysis and is a report that provides a prior point in-time verification analysis of licensing to assure compliance with Third-Party Originator NMLS license requirements and the SAFE Act.
Appending a S.A.R.A. Report to a loan file will protect your business and mitigate the risk of re-purchase due to non-compliance with the SAFE Act.
The S.A.R.A. Report is the only available industry report that offers regression status checks utilizing data from the NMLS database.
For more information on ComergenceS.A.R.A. Report and to request access, visit http://comergencecompliance.com/sara-report-test/