Cornerstone Home Lending enjoys made use of Dallas-oriented Monetary World Personal computers, Inc.is the reason (FICS) domestic financing repair app, Mortgage Servicer , for almost twenty years.
In terms of technical so you’re able to solution the money, Cornerstone Home Lending necessary an open and flexible software system you to definitely given in depth and easy to make use of records.
Cornerstone Family Financing provides made use of Dallas-mainly based Financial World Computers, Inc.is why (FICS ) residential financing repair software, Financial Servicer , for pretty much two decades. Home loan Servicer automates maintenance qualities and additionally escrow administration, choices, investor accounting, payment operating, loss minimization and you may seasons-prevent reporting. The software program offers the capacity to automate and reduce the brand new date spent on monthly regulatory records.
Financial Servicer is amazingly user friendly. The software program, when in addition to Drain Amazingly Accounts , provides all of us having an extensive reporting provider, said Lisa Haynes, vice president of Loan Upkeep. The new strong customer support and you will user-friendly program support workflow efficiencies and assist the brand new personnel rapidly find out the system.
Concurrently, Haynes cited conformity with all of maintenance regulations once the a different fuel regarding the borrowed funds Servicer application. Compliance situations are not https://simplycashadvance.net/installment-loans-me/ a problem with FICS, she said. FICS continuously position the application to reflect the brand new ever before-altering business advancements and you may government guidelines.
Cornerstone Household Lending states one of the first advantageous assets to playing with Mortgage Servicer ‘s the power to generate complete account and you may observes, that can be used to report to dealers, authorities and you can team executives. One of the biggest time-saving gadgets in regards to our company is the ability to make the brand new bundled buyer accounts together with internal individualized account through Crystal Reports’ consolidation having Home loan Servicer, said Haynes. That it function enables we to generate one declaration we may you prefer and easily export all of them towards a variety of document types. The new accounts have become utilized for our very own management team that assist with overseeing subservicers, rescuing valued time.
Home loan Servicer now offers Foundation Household Financing which have total and flexible buyer bookkeeping systems. Because the Home loan Servicer aids every industry-fundamental reporting steps – reconciliation, remittance, delinquency, prepaid and you will demo equilibrium records, among others – the company could possibly prices-effortlessly manage its collection with no costs out of most teams.
Haynes and told you the flexibility from Home loan Servicer possess aided all of them write individualized workflows because of their specific organization demands. Cornerstone Household Lending created a database detailed with pointers using their front-avoid system and Mortgage Servicer. While the Financial Servicer utilizes an unbarred databases connectivity, studies can easily be removed to send a whole document, with which has most of the origination and you can maintenance study, so you can additional companies the lending company does team with. Based on Haynes, this provider have let Foundation House Lending to possess a fully automatic system and go paperless.
FICS towns and cities big emphasis on training and you can customer service, and that Haynes said just like the an option reason that the 2-years relationship anywhere between FICS and you will Foundation Domestic Lending has been thus effective. She account that each time their unique staff calls FICS help, the same customer support member helps them instantaneously. More importantly, she added the FICS team usually requires the desired date in order for Cornerstone House Lending’s concern is solved and that they are totally satisfied.
Foundation Domestic Credit (previously also known as Foundation Mortgage company), dependent into the 1988 when you look at the Houston, comes with the 4th-biggest design level of the retail non-bank mortgage enterprises in america
FICS group have proven to be extremely experienced, polite and able to work on us, told you Haynes. The fresh custom quantity of service FICS will bring shows us which they it is value our profits. I am a cherished individual, perhaps not a violation count.
Over the years, the company keeps both offered funds to help you people and retained finance having upkeep within the-house, so they really necessary a platform which could with ease import and export research, also handle repair both for quick-label and you can a lot of time-label financing
Foundation House Credit try built for the 1988 in the Houston, Colorado. The organization prides alone towards its community-broad reputation of integrity, high-believe customer support and on-big date closings. Foundation House Financing has actually 74 branches in 15 says, in fact it is signed up so you’re able to provide in forty eight claims and Section away from Columbia. To learn more, visit the business’s web site within houseloan.
Founded in 1983 and based within the Dallas, Colorado, Economic Community Personal computers, Inc. (FICS), focuses primarily on delivering versatile, complete domestic and industrial tech ways to the loan business. FICS’ options are designed to run-on Microsoft Screen platforms most abundant in previous possibilities composed having fun with .Internet Construction that come with a refreshing Screen Demonstration Base screen and multiple-tiered shareable functions. The firm also offers innovative file management and you may net-oriented opportunities on their full package of products. More details throughout the FICS can be acquired through the organization’s web site at the FICS.
