Cornerstone Home Lending keeps relied on Dallas-based Financial Business Personal computers, Inc.is why (FICS) home-based financing upkeep application, Home loan Servicer , for almost twenty years.
With regards to technology so you’re able to provider their financing, Cornerstone Household Credit needed an unbarred and versatile app program you to definitely provided outlined and simple to utilize reports.
Cornerstone Domestic Credit keeps relied on Dallas-mainly based Economic Community Computer systems, Inc.’s the reason (FICS ) residential financing servicing application, Mortgage Servicer , for pretty much 20 years. Mortgage Servicer automates upkeep properties and escrow government, selections, individual accounting, commission handling, losses mitigation and you may year-avoid revealing. The software program also provides the ability to speed up and relieve the latest go out used on month-to-month regulatory account.
Mortgage Servicer is amazingly user friendly. The software program, whenever in addition to Sap Crystal Accounts , provides united states which have an intensive revealing services, said Lisa Haynes, vice president of Mortgage Maintenance. The brand new solid customer support and you can intuitive software support workflow efficiencies and let the brand new team rapidly learn the program.
On the other hand, Haynes cited compliance with all of maintenance rules while the yet another strength off the borrowed funds Servicer app. Compliance things commonly an issue with FICS, she told you. FICS frequently position the program to help you mirror the new actually ever-modifying globe advancements and you will regulators statutes.
Foundation Domestic Lending claims one of the first positive points to using Mortgage Servicer ‘s the power to build complete account and sees, which can be used to help you are accountable to dealers, authorities and team executives. One of the largest time saving products in regards to our company is the capability to create the fresh included trader account plus inner custom accounts through Amazingly Reports’ combination that have Mortgage Servicer, said Haynes. So it function enables our organization to generate people report we would you desire and easily export them to your different file forms. New reports are extremely employed for the management group which help having overseeing subservicers, saving precious time.
Home loan Servicer offers Cornerstone Family Credit which have full and flexible buyer accounting gadgets. Because the Mortgage Servicer supporting every world-practical revealing procedures – reconciliation, remittance, delinquency, prepaid service and demo harmony accounts, among others – the firm is able to prices-effectively maintain steadily its profile without any expenses out-of additional group.
Haynes along with told you the flexibility regarding Mortgage Servicer keeps helped them write personalized workflows because of their certain organization need. Foundation Family Credit create a database filled with guidance from their front-avoid program and you may Home loan Servicer. Once the Mortgage Servicer makes use of an unbarred databases connections, research could easily be removed to deliver a whole document, that features every origination and upkeep investigation, to outside people the financial institution really does team that online personal loans AK have. Based on Haynes, this provider keeps allowed Cornerstone Home Financing for a totally automated system and you may wade paperless.
FICS metropolitan areas significant increased exposure of studies and you can customer service, and that Haynes said as a button reason why both-years relationship between FICS and you may Foundation Home Lending might have been therefore successful. She records that every time their unique staff phone calls FICS help, an equivalent customer service representative assists them instantly. Much more importantly, she added your FICS party usually requires the desired date making sure that Cornerstone Family Lending’s issue is solved and you can that they’re entirely satisfied.
Foundation Household Credit (previously also known as Cornerstone Mortgage lender), dependent into the 1988 for the Houston, has the last-largest manufacturing level of most of the retail non-lender financial businesses in america
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FICS teams are actually most experienced, courteous and ready to work with us, told you Haynes. This new custom number of provider FICS provides shows you that they truly worry about our profits. I’m a cherished individual, perhaps not an admission matter.
Typically, the firm has each other sold financing to traders and you can chosen loans to possess servicing in-house, so they expected a deck which could effortlessly transfer and you will export study, together with manage repair both for small-term and enough time-label money
Foundation Domestic Financing try established in 1988 within the Houston, Tx. The business prides by itself into the the globe-greater reputation for integrity, high-faith customer support and on-big date closings. Cornerstone House Lending features 74 branches in fifteen states, that’s registered to provide during the 48 says additionally the Area off Columbia. To learn more, go to the businesses webpages during the houseloan.
Created in the 1983 and headquartered for the Dallas, Texas, Economic Business Computer systems, Inc. (FICS), specializes in delivering flexible, comprehensive residential and industrial technology approaches to the borrowed funds industry. FICS’ options are made to operate on Microsoft Window programs most abundant in present selection composed having fun with .Internet Framework that come with an abundant Window Presentation Base software and you will multiple-tiered shareable features. The business even offers innovative document management and you will websites-centered capabilities for the their complete suite of goods. Info regarding FICS can be acquired through the businesses website during the FICS.
