The brand new alone-possessed organization contains the 4th-biggest creation number of all merchandising non-financial mortgage people in the united states

Cornerstone Home Lending have used Dallas-mainly based Monetary World Personal computers, Inc.’s (FICS) residential loan repair app, Mortgage Servicer , for pretty much two decades.

In relation to technical to services their financing, Cornerstone Household Lending expected an open and versatile app system one offered outlined and easy to utilize account.

Foundation Household Lending keeps made use of Dallas-situated Financial Community Computers, Inc.is why (FICS ) residential mortgage servicing software, Mortgage Servicer , for nearly two decades. Financial Servicer automates servicing features and additionally escrow management, selections, trader accounting, fee handling, losses mitigation and you may seasons-prevent reporting. The software has the benefit of the ability to automate and relieve this new time allocated to month-to-month regulatory records.

Home loan Servicer is incredibly user friendly. The program, when along with Sap Amazingly Records , provides you which have an extensive revealing services, told you Lisa Haynes, vice president regarding Loan Repair. The new strong customer service and you may intuitive program assists workflow efficiencies and you can help the fresh personnel quickly learn the program.

Additionally, Haynes quoted compliance with maintenance laws and regulations as another strength of the borrowed funds Servicer software. Conformity factors commonly a problem with FICS, she said. FICS continuously standing the application to mirror the ever before-altering industry improvements and government statutes.

Cornerstone House Credit claims one of the first benefits to using Financial Servicer is the ability to generate comprehensive records and you may observes, which you can use so you can are accountable to traders, bodies and providers professionals. One of the primary time-saving equipment for the business is the capability to make the fresh included buyer account along with interior customized reports because of Amazingly Reports’ integration with Mortgage Servicer, said Haynes. This function enables our organization to create one declaration we possibly may you need and simply export them into the many file platforms. The brand new account are particularly useful our government class and help with overseeing subservicers, protecting work-time.

Home loan Servicer now offers Foundation Home Lending with full and versatile trader accounting systems. As the Home loan Servicer aids the community-fundamental reporting measures – reconciliation, remittance, delinquency, prepaid and you will demo harmony accounts, among others – the firm is able to pricing-efficiently maintain its collection without having any costs regarding most staff.

Haynes also said the flexibleness off Financial Servicer enjoys aided all of them develop custom workflows for their specific business needs. Foundation Household Financing create a database filled with guidance using their front-stop system and Financial Servicer. Since Mortgage Servicer utilizes an open databases relationships, data can easily be removed to send an entire file, that features most of the origination and you will repair study, in https://simplycashadvance.net/loans/loans-wihtout-id/ order to outside enterprises the financial institution do business having. Considering Haynes, that it provider possess allowed Cornerstone Domestic Financing having a totally automatic program and you will wade paperless.

FICS towns considerable focus on training and customer care, and therefore Haynes claimed as a switch reason why the 2-10 years relationship ranging from FICS and you can Cornerstone House Credit might have been very profitable. She accounts that every big date their group phone calls FICS help, a comparable customer care representative helps them instantly. Way more notably, she added the FICS cluster usually takes the necessary go out so Foundation Family Lending’s issue is fixed and you may that they’re completely fulfilled.

Foundation House Financing (formerly known as Cornerstone Mortgage lender), situated during the 1988 in Houston, provides the fourth-prominent design level of every merchandising non-financial home loan enterprises in the usa

FICS personnel have proven to be very educated, courteous and able to manage all of us, told you Haynes. The custom level of provider FICS brings shows you which they it’s care about the achievements. I’m a respected individual, maybe not a solution matter.

Over the years, the company have both offered money in order to investors and you will retained funds to own upkeep into the-domestic, so that they requisite a deck that will easily import and you will export studies, including deal with repair for short-name and you may long-identity fund

Cornerstone House Financing was founded during the 1988 from inside the Houston, Texas. The business prides in itself on the their industry-wider reputation for stability, high-trust support service and on-time closings. Foundation Home Credit features 74 branches when you look at the fifteen says, that’s registered in order to lend in the forty-eight states and the Area of Columbia. To learn more, check out the businesses website within houseloan.

Centered during the 1983 and you can headquartered from inside the Dallas, Colorado, Monetary Business Personal computers, Inc. (FICS), focuses on bringing versatile, full residential and you will commercial tech methods to the mortgage community. FICS’ options are created to run on Microsoft Screen systems with the most current options composed using .Net Construction that are included with a wealthy Screen Speech Basis screen and multiple-tiered shareable properties. The company even offers imaginative document government and you may net-based prospective with the its complete suite of goods. Info in the FICS is obtainable through the organization’s web site at FICS.