Cornerstone Family Financing has relied on Dallas-built Monetary World Personal computers, Inc.’s the reason (FICS) domestic loan upkeep app, Home loan Servicer , for pretty much 2 decades.
When considering tech so you’re able to provider their money, Cornerstone House Credit needed an unbarred and versatile application program that provided in depth and simple to use reports.
Cornerstone Domestic Credit possess used Dallas-founded Economic Industry Computers, Inc.’s (FICS ) residential mortgage maintenance application, Home loan Servicer , for pretty much two decades. Financial Servicer automates upkeep attributes in addition to escrow management, selections, trader accounting, commission running, loss mitigation and 12 months-end reporting. The program now offers the capability to speed up and relieve the brand new go out used on monthly regulatory records.
Mortgage Servicer is incredibly user friendly. The software, when along with Drain Amazingly Accounts , brings us having an intensive reporting provider, told you Lisa Haynes, vice-president out-of Mortgage Repair. The brand new good customer support and intuitive software assists workflow efficiencies and you may assist the brand new professionals quickly find out the system.
At exactly the same time, Haynes quoted compliance with upkeep laws since the yet another power out-of the loan Servicer application. Compliance issues aren’t an issue with FICS, she said. FICS on a regular basis standing the software so you can mirror the ever-changing community improvements and you can authorities laws.
Foundation Household Lending states among the first advantages to playing with Home loan Servicer ‘s the capability to create complete records and you will sees, that can be used so you can report to investors, bodies and you will team executives. One of the largest time saving devices for our business is the ability to make the fresh bundled individual accounts in addition to internal customized accounts compliment of Amazingly Reports’ integration which have Financial Servicer, told you Haynes. This means enables we to generate any statement we could possibly you want and easily export all of them towards the several file platforms. The brand new reports are very used for our very own administration cluster and help that have supervising subservicers, protecting valued time.
Mortgage Servicer also provides Cornerstone Family Lending having comprehensive and versatile investor bookkeeping gadgets. As Financial Servicer supports most of the globe-important revealing procedures – reconciliation, remittance, delinquency, prepaid and you will trial equilibrium reports, among others – the business could probably prices-efficiently maintain steadily its portfolio without the expense off more group.
Haynes also said the flexibleness out of Financial Servicer provides helped them write individualized workflows because of their certain business means. Foundation House Financing set-up a databases detailed with recommendations using their front-prevent program and you can Financial Servicer. Once the Home loan Servicer makes use of an open databases connections, data could easily be extracted to deliver a whole file, which includes all the origination and you may repair studies, to external people the financial institution really does providers which have. Based on Haynes, it service enjoys let Cornerstone Household Credit to have a fully automatic program and you will go paperless.
FICS urban centers significant increased exposure of studies and you will support service, and therefore Haynes claimed since the a switch reason why both-years relationships ranging from FICS and you can Cornerstone Home Financing could have been thus effective. She accounts that each date their professionals calls FICS help, a similar support service user assists them quickly. A whole lot more notably, she extra your FICS group always requires the required date with the intention that Foundation Household Lending’s issue is resolved and they are entirely came across.
Foundation Household Credit (formerly called Foundation Mortgage company), dependent when you look at the 1988 inside the Houston, provides the fourth-prominent creation amount of all the shopping low-bank mortgage organizations in the usa
FICS staff are actually really educated, courteous and able to run united states, told you Haynes. The latest personalized level of solution FICS provides reveals all of us that they it’s care about our very own achievements. I am an appreciated people, not a citation matter.
Over the years, the organization has one another ended up selling fund to help you people and you can chosen money having servicing for the-house, so they really needed a deck that will with ease transfer and you can export research, as well as deal with servicing for short-title and you may long-term fund
Cornerstone Family Credit is actually created within the 1988 when you look at the Houston, Tx. The company prides itself on the its community-broad reputation for stability, high-believe support service as well as on-big date closings. Cornerstone Domestic Lending have 74 twigs in 15 claims, which can be licensed to help you provide inside forty-eight states and also the Section personal loans for bad credit West Virginia of Columbia. To find out more, check out the businesses website within houseloan.
Dependent when you look at the 1983 and headquartered in Dallas, Texas, Monetary World Computer systems, Inc. (FICS), focuses primarily on delivering versatile, total domestic and you will commercial tech solutions to the loan world. FICS’ solutions are created to operate on Microsoft Windows networks most abundant in recent solutions written using .Websites Design that are included with a rich Window Demonstration Foundation interface and you will multi-tiered shareable attributes. The firm has the benefit of creative document government and you can internet-situated prospective to the the full package of products. Additional info regarding FICS is present through the company’s webpages at the FICS.