Cornerstone House Financing has actually relied on Dallas-depending Economic Community Computers, Inc.’s (FICS) residential mortgage repair software, Financial Servicer , for almost twenty years.
When considering technology to help you provider their funds, Cornerstone Domestic Financing called for an unbarred and flexible software system one to considering in depth and easy to utilize reports.
Cornerstone Domestic Lending provides made use of Dallas-oriented Economic World Personal computers, Inc.is why (FICS ) residential financing maintenance app, Financial Servicer , for nearly 2 decades. Home loan Servicer automates upkeep properties along with escrow administration, choices, individual bookkeeping, commission running, losses mitigation and year-avoid revealing. The application also provides the capability to automate and relieve the new time spent on monthly regulating reports.
Financial Servicer is amazingly simple to use. The application, whenever combined with Sap Amazingly Account , will bring united states having a comprehensive reporting services, told you Lisa Haynes, vp out of Financing Maintenance. Brand new good support service and you will user-friendly screen helps workflow efficiencies and you will assist the brand new personnel quickly learn the system.
At the same time, Haynes quoted compliance along with upkeep rules due to the fact a new stamina why not check here out-of the borrowed funds Servicer application. Conformity activities are not an issue with FICS, she told you. FICS regularly position the application to help you reflect new actually ever-modifying business advancements and you may government rules.
Cornerstone Household Credit says among the first benefits to having fun with Financial Servicer ‘s the ability to generate full account and you can notices, which you can use to report to buyers, bodies and business managers. One of the greatest time saving products for our business is the capability to build the new included individual records in addition to inner customized records owing to Amazingly Reports’ consolidation which have Financial Servicer, told you Haynes. That it means enables our company generate people declaration we might you would like and simply export all of them for the a variety of file forms. New profile are very used for all of our administration class which help which have supervising subservicers, protecting work-time.
Financial Servicer even offers Foundation House Financing with comprehensive and flexible buyer accounting gadgets. Because Financial Servicer supporting all industry-fundamental revealing actions – reconciliation, remittance, delinquency, prepaid and you will demonstration balance profile, as well as others – the business can prices-effectively maintain its portfolio without having any expenses from extra teams.
Haynes plus said the flexibility off Mortgage Servicer has actually helped all of them produce custom workflows because of their specific organization requires. Foundation House Financing setup a database detailed with advice off their front-prevent system and you will Financial Servicer. Just like the Home loan Servicer makes use of an unbarred database associations, studies could easily be removed to transmit an entire document, that has had all origination and you will maintenance analysis, so you can external businesses the lending company really does organization which have. Considering Haynes, this service provides let Foundation Household Credit for a completely automatic program and you may go paperless.
FICS locations significant focus on knowledge and you can customer service, and that Haynes reported because an option reason that the 2-decade relationships anywhere between FICS and you will Cornerstone Home Lending might have been so profitable. She reports that each day their staff phone calls FICS help, the same customer support affiliate helps them instantly. A whole lot more notably, she additional that the FICS team always takes the mandatory go out with the intention that Cornerstone House Lending’s concern is resolved and you may they are entirely came across.
Foundation Family Lending (previously also known as Foundation Mortgage lender), created from inside the 1988 inside the Houston, gets the last-largest production amount of all of the shopping non-financial mortgage businesses in the us
FICS team are actually most experienced, polite and able to focus on you, told you Haynes. The fresh individualized number of service FICS will bring reveals united states which they its value the victory. I’m a valued individual, perhaps not a citation number.
Over the years, the business have each other ended up selling money in order to investors and you may hired loans to own upkeep during the-domestic, so they really required a platform that could effortlessly import and you will export study, and handle repair both for quick-name and you will enough time-term loans
Cornerstone Household Financing was founded inside 1988 inside the Houston, Tx. The firm prides itself to your its world-broad reputation of stability, high-trust customer service as well as on-date closings. Cornerstone Domestic Lending has 74 twigs when you look at the fifteen claims, which is registered to provide for the forty-eight says and Region out-of Columbia. To learn more, visit the company’s webpages from the houseloan.
Depending within the 1983 and headquartered within the Dallas, Colorado, Financial Business Computer systems, Inc. (FICS), focuses on bringing versatile, total domestic and you will industrial tech approaches to the borrowed funds community. FICS’ assistance are designed to run using Microsoft Screen systems with the most previous selection written playing with .Online Structure that include an abundant Screen Speech Foundation program and you will multi-tiered shareable properties. The business has the benefit of imaginative file administration and web-founded prospective toward their complete collection of products. Info on FICS can be obtained through the company’s website in the FICS.
