Cornerstone Home Financing possess relied on Dallas-based Financial Industry Computer systems, Inc.is why (FICS) residential mortgage repair application, Mortgage Servicer , for almost twenty years.
In terms of technology to help you services its loans, Cornerstone Household Lending called for an unbarred and flexible software program that offered detail by detail and simple to utilize profile.
Cornerstone Household Lending has relied on Dallas-depending Financial World Personal computers, Inc.is why (FICS ) domestic financing upkeep software, Mortgage Servicer , for almost twenty years. Financial Servicer automates repair attributes in addition to escrow management, stuff, trader accounting, percentage handling, losses mitigation and 12 months-end reporting. The software also provides the ability to speed up and relieve the newest time used on month-to-month regulatory records.
Home loan Servicer is amazingly easy to use. The software, when in conjunction with Sap Crystal Account , will bring all of us with a thorough revealing provider, said Lisa Haynes, vice-president regarding Financing Servicing. The latest strong customer support and you will easy to use critical hyperlink program assists workflow efficiencies and assist this new professionals rapidly learn the program.
On top of that, Haynes quoted compliance with servicing rules given that another type of stamina out of the borrowed funds Servicer software. Compliance activities commonly an issue with FICS, she said. FICS on a regular basis updates the program in order to mirror the fresh new ever-modifying industry developments and you will government laws.
Foundation Family Financing states one of the first benefits to having fun with Home loan Servicer is the capability to create complete profile and you will observes, used to are accountable to dealers, bodies and team professionals. One of the largest time-saving products for our organization is the capability to create the latest bundled individual account together with internal individualized account courtesy Amazingly Reports’ consolidation which have Mortgage Servicer, said Haynes. That it setting permits our company to create one statement we would you need and easily export them on several document types. The newest records are used in all of our government cluster and help that have supervising subservicers, rescuing time.
Home loan Servicer now offers Cornerstone Domestic Financing with comprehensive and versatile trader bookkeeping devices. Given that Home loan Servicer aids every business-standard reporting methods – reconciliation, remittance, delinquency, prepaid and demo equilibrium records, yet others – the firm might be able to rates-efficiently maintain its collection without any expenses out-of extra employees.
Haynes as well as said the flexibleness from Mortgage Servicer possess helped them make custom workflows because of their certain providers requires. Foundation Domestic Lending set-up a database detailed with advice off their front-end program and you can Mortgage Servicer. Due to the fact Mortgage Servicer uses an unbarred databases associations, investigation can easily be removed to deliver an entire file, containing all of the origination and maintenance research, in order to additional organizations the financial institution does organization having. Predicated on Haynes, which provider provides enabled Cornerstone Family Lending to have a totally automatic program and you will wade paperless.
FICS metropolitan areas considerable focus on studies and you will support service, which Haynes advertised while the a button reason why the 2-years relationships ranging from FICS and you may Cornerstone Home Credit could have been thus winning. She accounts that every day her teams calls FICS help, an identical customer service user assists them quickly. Even more importantly, she added that the FICS cluster usually requires the necessary go out making sure that Foundation Domestic Lending’s issue is resolved and you will that they’re completely satisfied.
Cornerstone Family Financing (earlier known as Cornerstone Mortgage company), situated inside the 1988 when you look at the Houston, gets the last-premier production quantity of all the merchandising low-lender mortgage enterprises in the united states
FICS personnel are actually really educated, courteous and ready to focus on us, said Haynes. New customized number of solution FICS brings shows us that they truly love our victory. I am a cherished individual, perhaps not a pass matter.
Historically, the company has actually each other offered loans so you can people and chose loans getting repair inside the-household, so they necessary a deck that could without difficulty transfer and you may export investigation, plus deal with servicing for small-identity and a lot of time-name money
Foundation Household Credit was situated within the 1988 into the Houston, Colorado. The firm prides alone for the its business-wide reputation of integrity, high-faith customer service and on-date closings. Cornerstone Household Financing keeps 74 twigs inside the fifteen states, and that is licensed so you can lend into the forty eight states and the District from Columbia. To find out more, visit the organization’s site on houseloan.
Based inside the 1983 and you may headquartered in Dallas, Tx, Economic World Computer systems, Inc. (FICS), focuses on providing flexible, full home-based and you can industrial technical ways to the loan community. FICS’ expertise are created to run on Microsoft Window systems most abundant in present selection created playing with .Internet Framework that come with a rich Screen Demonstration Base user interface and you can multiple-tiered shareable attributes. The firm also provides imaginative document government and you can web-founded capabilities into the full package of goods. Details in the FICS can be obtained through the company’s website at FICS.