Cornerstone Domestic Financing possess used Dallas-depending Financial Community Personal computers, Inc.is why (FICS) residential financing maintenance application, Financial Servicer , for almost two decades.
When it comes to technology to services its fund, Cornerstone Domestic Lending needed an open and flexible software program you to provided intricate and simple to utilize accounts.
Foundation Family Credit features used Dallas-centered Monetary World Personal computers, Inc.’s (FICS ) residential loan upkeep app, Financial Servicer , for pretty much two decades. Mortgage Servicer automates repair characteristics and escrow government, choices, trader bookkeeping, fee operating, losses minimization and you will season-prevent reporting. The software program even offers the capability to speed up and reduce brand new time allocated to monthly regulating reports.
Mortgage Servicer is incredibly easy to use. The application, when and Drain Crystal Reports , will bring us that have an extensive revealing services, said Lisa Haynes, vp off Loan Upkeep. The new strong customer service and you may user-friendly screen support workflow efficiencies and you may help the latest group easily find out the program.
At the same time, Haynes cited conformity with maintenance regulations since a different electricity regarding the mortgage Servicer application. Compliance factors aren’t a problem with FICS, she told you. FICS continuously status the program to help you reflect the brand new previously-modifying globe advancements and you will government statutes.
Cornerstone Household Lending claims among the first advantages to playing with Mortgage Servicer is the power to create comprehensive reports and you will notices, which you can use so you’re able to are accountable to dealers, authorities and you can organization managers. One of the greatest time-saving products for the business is the ability to build the newest bundled buyer reports plus interior individualized records courtesy Amazingly Reports’ combination which have Mortgage Servicer, told you Haynes. It setting permits our company generate people declaration we possibly may you need and easily export all of them toward a number of document platforms. The accounts are very utilized for all of our management cluster and help having supervising subservicers, saving valuable time.
Home loan Servicer now offers Foundation Family Credit that have total and flexible investor bookkeeping tools. Because the Home loan Servicer helps the business-standard revealing methods – reconciliation, remittance, delinquency, prepaid and you will trial harmony profile, as well as others – the organization might possibly rates-efficiently maintain its collection without having any expense from even more group.
Haynes in addition to said the flexibleness of Financial Servicer keeps helped all of them make custom workflows because of their specific company requires. Foundation Household Credit arranged a database that includes information from their front-end system and you may Financial Servicer. Just like the Financial Servicer uses an unbarred database contacts, studies can easily be extracted to deliver a whole file, with all origination and maintenance studies, so you’re able to external organizations the lending company does organization having. Predicated on Haynes, that it solution provides let Cornerstone Home Financing getting a fully automated system and wade paperless.
FICS locations significant emphasis on studies and you may support service, hence Haynes advertised because a key reason why both-decade relationship anywhere between FICS and you can Cornerstone House Lending could have been thus profitable. She reports that each time their staff phone calls FICS help, an identical customer care representative helps them immediately. Even more importantly, she added that FICS party constantly requires the required go out so that Cornerstone Household Lending’s issue is solved and you will they are entirely fulfilled.
Foundation Home Lending (previously labeled as Foundation Mortgage lender), built for the 1988 inside Houston, gets the fourth-largest design quantity of most of the retail low-financial home loan companies in america
FICS personnel are actually extremely educated, polite and able to manage united states, told you Haynes. The fresh new personalized level of provider FICS provides suggests us that they its love our very own achievements. I’m a cherished individual, maybe not a pass count.
Over the years, the firm have each other marketed loans to dealers and you will retained fund for upkeep in-family, so they requisite a deck which will without difficulty import and you may export data, in addition to handle servicing for brief-name and enough time-label financing
Foundation House Financing was established inside 1988 during the Houston, Texas. The firm prides alone into the their globe-greater history of ethics, high-faith support service and on-day closings. Cornerstone Domestic Credit has actually 74 twigs from inside the fifteen states, which is licensed to help you give in 48 says together with Section from Columbia. For more information, check out the company’s website in the houseloan.
Oriented for the 1983 and you can based inside the https://speedycashloan.net/installment-loans-ms/ Dallas, Texas, Economic Industry Personal computers, Inc. (FICS), specializes in getting flexible, full residential and you will industrial technical methods to the loan world. FICS’ solutions are made to run on Microsoft Windows programs most abundant in previous options written having fun with .Web Structure that include a wealthy Windows Demonstration Foundation screen and you may multiple-tiered shareable attributes. The company now offers creative file management and you will internet-depending possibilities to the its full package of goods. Much more information regarding FICS can be obtained via the organization’s site from the FICS.
