Cornerstone House Credit have relied on Dallas-founded Economic Industry Computers, Inc.’s (FICS) domestic mortgage maintenance application, Mortgage Servicer , for pretty much 2 decades.
When considering technology in order to solution its funds, Foundation House Credit expected an unbarred and flexible software program one provided intricate and simple to make use of accounts.
Cornerstone Home Financing enjoys used Dallas-depending Economic World Computer systems, Inc.is the reason (FICS ) residential loan repair application, Financial Servicer , for pretty much 2 decades. Home loan Servicer automates maintenance features and escrow government, selections, individual bookkeeping, fee running, losses minimization and you can 12 months-prevent revealing. The software program now offers the capacity to automate and relieve the fresh new time allocated to month-to-month regulatory profile.
Home loan Servicer is amazingly simple to use. The program, whenever along side Sap Crystal Reports , will bring you with a comprehensive revealing solution, said Lisa Haynes, vice president from Mortgage Maintenance. The latest solid customer service and you will intuitive software facilitate workflow efficiencies and you may help the fresh new teams rapidly find out the system.
As well, Haynes cited compliance with all of repair rules given that a new electricity of the loan Servicer app. Conformity points are not a problem with FICS, she told you. FICS on a regular basis status the software to echo this new previously-switching world advancements and you may authorities statutes.
Foundation Family Lending claims among the first positive points to having fun with Home loan Servicer is the capacity to make total reports and you may observes, which can be used in order to report to buyers, regulators and organization professionals. One of the greatest time saving equipment in regards to our company is the capacity to make the newest bundled investor reports also inner personalized accounts through Amazingly Reports’ combination that have Mortgage Servicer, told you Haynes. Which mode permits our organization to generate people declaration we may you want and simply export them to the some document forms. New records are particularly used for all of our management party and help that have supervising subservicers, protecting valuable time.
Home loan Servicer now offers Foundation House Credit which have complete and versatile individual bookkeeping tools. While the Home loan Servicer aids all the business-simple reporting measures – reconciliation, remittance, delinquency, prepaid service and you will demo balance reports, as well as others – the firm could probably rates-efficiently manage its collection with no debts out of most personnel.
Haynes together with said the flexibility off Financial Servicer possess aided all of them produce customized workflows due to their certain organization demands. Foundation Home Credit put up a database detailed with information from their front-prevent program and you may Home loan Servicer. As Mortgage Servicer uses an unbarred database contacts, data could easily be extracted to transmit an entire file, which has had most of the origination and you can maintenance investigation, so you can outside businesses the lender do providers which have. Centered on Haynes, this solution have enabled Cornerstone Household Lending to have a completely automatic program and go paperless.
FICS towns considerable increased exposure of studies and you can customer support, and that Haynes stated because the an option reason that both-several years matchmaking between FICS and you may Cornerstone Domestic Lending might have been so effective. She reports that each go out their unique staff calls FICS support, the same customer care representative helps them instantaneously. Significantly more notably, she added that the FICS people usually takes the required time to ensure Cornerstone House Lending’s concern is solved and you may that they’re entirely met.
Foundation Household Credit (earlier also known as Cornerstone Mortgage lender), dependent in the 1988 when you look at the Houston, gets the next-premier development number of all of the shopping low-lender mortgage organizations in america
FICS personnel are actually very knowledgeable, polite and able to work at us, said Haynes. The latest individualized number of solution FICS will bring reveals united states that they it is value the victory. I’m a respected people, perhaps not an admission matter.
Over the years, the business possess each other ended up selling money in order to people and chosen funds having repair when you look at the-household, so they called for a platform that could without difficulty transfer and you may export analysis, and additionally handle repair for both brief-term and you can much time-identity finance
Cornerstone Domestic Financing was established during the 1988 from inside the Houston, Texas. The organization prides itself toward its community-broad reputation for stability, high-believe support service as well as on-date closings. Foundation Domestic Credit keeps 74 branches when you cash web loans look at the 15 states, and is authorized in order to give in the forty-eight says and the Area away from Columbia. For more information, check out the business’s website in the houseloan.
Built from inside the 1983 and based within the Dallas, Colorado, Monetary Globe Computers, Inc. (FICS), focuses on taking flexible, total domestic and commercial technical solutions to the borrowed funds industry. FICS’ solutions are made to operate on Microsoft Window networks with the most previous options composed having fun with .Online Framework that are included with a refreshing Window Presentation Foundation interface and you will multi-tiered shareable characteristics. The company also provides innovative file administration and websites-built prospective to the the full room of goods. Considerably more details regarding the FICS exists via the company’s web site on FICS.