Foundation Home Lending has relied on Dallas-established Economic Community Computer systems, Inc.is the reason (FICS) domestic mortgage upkeep application, Financial Servicer , for pretty much two decades.
When considering tech to help you service its loans, Cornerstone Family Lending expected an unbarred and flexible software system you to considering intricate and simple to make use of accounts.
Cornerstone Home Credit provides made use of Dallas-created Monetary World Computer systems, Inc.’s the reason (FICS ) domestic mortgage servicing software, Financial Servicer , for almost 20 years. Mortgage Servicer automates repair characteristics and additionally escrow government, stuff, investor bookkeeping, fee handling, loss minimization and you may seasons-avoid reporting. The application also provides the ability to automate and relieve the brand new date used on monthly regulating profile.
Mortgage Servicer is amazingly simple to use. The software, when along side Drain Amazingly Reports , will bring us which have a comprehensive revealing services, said Lisa Haynes, vice president out of Loan Upkeep. The fresh new good customer care and you can easy to use user interface helps workflow efficiencies and you may let the newest teams rapidly find out the system.
Additionally, Haynes cited compliance along with repair statutes once the an alternative power out-of the borrowed funds Servicer app. Conformity factors are not a problem with FICS, she said. FICS daily status the program to help you mirror the fresh new ever-switching world improvements and you can regulators laws and regulations.
Cornerstone House Financing states one of the first positive points to having fun with Financial Servicer is the capability to generate complete records and you may sees, that can be used to help you are accountable to people, government and you will team professionals. One of the greatest time-saving equipment for the organization is the capability to make the new included buyer accounts in addition to interior individualized reports as a consequence of Amazingly Reports’ combination that have Home loan Servicer, said Haynes. Which function enables our company to produce any declaration we might you need and easily export all of them toward multiple file forms. The brand new profile have become useful our administration class that assist which have overseeing subservicers, rescuing valued time.
Financial Servicer offers Cornerstone Home Lending which have full and versatile trader accounting units. Because Home loan Servicer helps most of the community-simple reporting strategies – reconciliation, remittance, delinquency, prepaid and you will trial harmony account, yet others – the company can cost-effortlessly manage its profile without the debts of even more team.
Haynes in addition to said the flexibleness of Home loan Servicer have assisted all of them make personalized workflows for their particular organization needs. Cornerstone Household Financing create a databases complete with pointers using their front-stop system and you can Mortgage Servicer. Given that Home loan Servicer makes use of an open databases connections, data could easily be extracted to deliver an entire file, which has had every origination and you will repair analysis, to additional enterprises the lender do team which have. Predicated on Haynes, it solution possess allowed Cornerstone Home Financing to possess a completely automated program and go paperless.
FICS urban centers considerable focus on studies and you can customer support, which Haynes stated due to the fact an option reason why both-several years matchmaking anywhere between FICS and you will Foundation Domestic Credit might have been so profitable. She accounts that every day their staff calls FICS assistance, a similar customer service affiliate assists them instantaneously. Significantly more significantly, she added the FICS class usually requires the necessary big date to ensure that Foundation Domestic Lending’s issue is fixed and you will that they are completely came across.
Foundation Household Credit (previously called Cornerstone Mortgage lender), created when you look at the 1988 inside the Houston, provides the 4th-prominent creation level of all of the shopping low-bank home loan companies in america
FICS professionals are actually really experienced, polite and able to manage all of us, said Haynes. This new individualized level of solution FICS brings reveals you which they really value our very own victory. I am a respected individual, maybe not a pass count.
Usually, the firm enjoys both sold financing to buyers and retained fund to have servicing when you look at the-family, so that they required a patio that may with ease import and you will export research, together with manage servicing for short-name and you can a lot of time-name financing
Foundation Domestic Credit is actually mainly based during the 1988 when you look at the Houston, Tx. The firm prides itself to the the business-large reputation of integrity, high-trust customer support as well as on-time closings. Foundation House Financing possess 74 twigs during the 15 says, which is signed up so you’re able to provide within the 48 states and the Region out of Columbia. To find out more, go to the company’s website from the houseloan.
Situated within the 1983 and you payday loans Rhode Island will headquartered in the Dallas, Colorado, Financial Industry Computer systems, Inc. (FICS), specializes in delivering versatile, comprehensive home-based and you can commercial technical answers to the mortgage community. FICS’ possibilities are designed to operate on Microsoft Windows platforms most abundant in latest alternatives written playing with .Net Framework that come with an abundant Windows Demonstration Basis screen and you can multiple-tiered shareable features. The organization offers imaginative document government and you will web-depending opportunities towards the its full suite of products. Addiitional information throughout the FICS is obtainable via the business’s webpages during the FICS.