Cornerstone Home Lending provides relied on Dallas-established Financial Globe Computer systems, Inc.’s the reason (FICS) home-based mortgage repair app, Home loan Servicer , for pretty much 2 decades.
About technology to help you provider its funds, Foundation House Lending expected an open and versatile software system you to considering outlined and simple to utilize profile.
Foundation Domestic Credit has actually made use of Dallas-created Monetary World Computers, Inc.’s (FICS ) residential mortgage upkeep application, Financial Servicer , for nearly two decades. Mortgage Servicer automates maintenance attributes together with escrow management, stuff, individual bookkeeping, fee handling, losses minimization and seasons-stop revealing. The software program also offers the capacity to speed up and reduce the day spent on month-to-month regulating account.
Home loan Servicer is amazingly simple to use. The program, when alongside Sap Crystal Account , will bring united states which have a thorough reporting service, told you Lisa Haynes, vice president away from Mortgage Maintenance. The strong support service and easy to use program assists workflow efficiencies and help brand new personnel easily find out the system.
While doing so, Haynes cited compliance with servicing guidelines since another type of electricity of the loan Servicer software. Conformity circumstances aren’t a problem with FICS, she said. FICS continuously status the application so you’re able to mirror discover here the brand new ever before-modifying industry advancements and you will authorities statutes.
Foundation House Credit claims among the first positive points to having fun with Mortgage Servicer is the capacity to generate total records and you will sees, used in order to are accountable to buyers, bodies and providers managers. One of the biggest time saving products for the organization is the capacity to create the fresh new bundled trader reports and additionally interior custom profile because of Crystal Reports’ consolidation having Mortgage Servicer, told you Haynes. This setting enables our company generate one statement we could possibly you prefer and easily export all of them toward several document types. Brand new account are utilized for the management party which help having managing subservicers, rescuing valuable time.
Financial Servicer offers Cornerstone Domestic Lending with full and flexible individual accounting tools. Just like the Mortgage Servicer supports all community-fundamental revealing steps – reconciliation, remittance, delinquency, prepaid service and you can demo equilibrium reports, yet others – the company could probably pricing-effectively maintain steadily its profile without any expense of additional personnel.
Haynes together with told you the flexibleness out of Mortgage Servicer have aided all of them write custom workflows due to their specific providers requires. Foundation Household Financing put up a databases detailed with pointers off their front-avoid program and you can Financial Servicer. Just like the Mortgage Servicer utilizes an unbarred databases connectivity, data can easily be removed to deliver a complete file, that features most of the origination and you will upkeep analysis, to help you exterior organizations the lender does team which have. Centered on Haynes, that it solution possess let Foundation House Credit to have a completely automated program and you can wade paperless.
FICS towns and cities significant focus on degree and you can support service, and this Haynes stated because a key reason that the two-decade matchmaking between FICS and you may Foundation Home Financing could have been thus winning. She account that every day their own group phone calls FICS support, an equivalent customer service user assists them immediately. A whole lot more significantly, she extra the FICS team constantly takes the necessary time in order that Foundation Home Lending’s issue is fixed and you may that they’re completely found.
Cornerstone Domestic Lending (formerly known as Cornerstone Mortgage lender), situated for the 1988 in Houston, gets the 4th-prominent design amount of every retail low-lender home loan companies in america
FICS team are actually really educated, courteous and able to work at united states, told you Haynes. This new personalized amount of solution FICS provides suggests all of us which they truly value all of our victory. I’m a cherished person, perhaps not a solution count.
Over the years, the business possess both marketed money to help you people and you may retained loans to own upkeep during the-household, so that they requisite a platform that could easily transfer and export analysis, also deal with repair both for short-identity and much time-title financing
Foundation Domestic Lending try oriented during the 1988 for the Houston, Texas. The company prides by itself to the its world-wider history of integrity, high-believe support service as well as on-day closings. Foundation Home Financing has actually 74 branches when you look at the 15 claims, which can be licensed so you’re able to give in the forty eight claims therefore the District from Columbia. To find out more, check out the organization’s web site during the houseloan.
Established during the 1983 and based in the Dallas, Colorado, Monetary World Personal computers, Inc. (FICS), focuses on taking versatile, total home-based and you can industrial technology ways to the mortgage business. FICS’ options are created to run using Microsoft Window networks with current possibilities composed using .Online Framework that include a rich Window Demonstration Base interface and you can multi-tiered shareable characteristics. The firm has the benefit of creative file government and you will net-mainly based possibilities for the their full collection of goods. Additional info about FICS exists via the businesses web site during the FICS.