Foundation Household Credit features made use of Dallas-based Financial Community Computers, Inc.is why (FICS) domestic financing repair application, Mortgage Servicer , for almost 2 decades.
Regarding tech to help you provider the loans, Foundation House Financing necessary an unbarred and flexible application system one to offered outlined and simple to utilize accounts.
Cornerstone Domestic Financing provides used Dallas-based Financial Globe Computer systems, Inc.’s the reason (FICS ) domestic mortgage servicing app, Financial Servicer , for nearly twenty years. Mortgage Servicer automates maintenance services and additionally escrow management, series, buyer accounting, fee operating, loss minimization and you will year-prevent reporting. The software has the benefit of the capacity to speed up and relieve the new time allocated to month-to-month regulatory accounts.
Mortgage Servicer is incredibly easy to use. The software, when together with Sap Crystal Account , brings united states which have a comprehensive revealing solution, told you Lisa Haynes, vice president away from Mortgage Maintenance. The newest good customer service and you may easy to use screen support workflow efficiencies and you can help the newest teams quickly learn the program.
As well, Haynes cited conformity with all of servicing regulations since the yet another energy out of the mortgage Servicer application. Conformity products aren’t an issue with FICS, she said. FICS regularly status the software in order to mirror the brand new previously-switching globe advancements and bodies regulations.
Foundation Household Lending claims one of the primary advantageous assets to playing with Home loan Servicer is the capacity to build total reports and you can notices, which you can use so you’re able to report to dealers, government and you may organization executives. One of the greatest time-saving gizmos in regards to our business is the capacity to generate the brand new bundled investor account in addition to interior individualized accounts by way of Crystal Reports’ integration that have Home loan Servicer, told you Haynes. That it function allows our organization to create people statement we might need and easily export all of them on the some document forms. The brand new accounts are particularly useful for our government party and help having supervising subservicers, rescuing valuable time.
Financial Servicer offers Cornerstone Domestic Financing having comprehensive and flexible buyer accounting units. Because the Home loan Servicer supporting every community-important revealing steps – reconciliation, remittance, delinquency, prepaid service and you will demo balance records, among others – the firm might possibly costs-effortlessly maintain its profile with no bills out-of additional team.
Haynes plus told you the flexibility away from Mortgage Servicer enjoys helped all of them produce custom workflows because of their particular providers need. Cornerstone Domestic Financing establish a database that includes suggestions from their front-stop program and you can Home loan Servicer. Because Home loan Servicer makes use of an open database connectivity, research could easily be removed to send an entire document, which has had every origination and maintenance research, in order to additional businesses the lending company do team with. Centered on Haynes, that it provider possess let Cornerstone Family Financing for a completely automatic program and you can go paperless.
FICS towns and cities considerable focus on education and you can customer service, which Haynes reported since the a switch reason why both-10 years relationship ranging from FICS and you can Cornerstone House Credit could have been thus successful. She profile that each day their own team phone calls FICS help, an identical customer care user assists them instantly. Much more importantly, she additional that FICS class usually takes the desired time in order that Foundation Family Lending’s issue is fixed and that they are totally satisfied.
Cornerstone House Credit (formerly labeled as Cornerstone Mortgage company), depending within the 1988 inside Houston, gets the fourth-prominent manufacturing amount of every merchandising low-financial home loan people in the usa
FICS team have proven to be really educated, courteous and able to work at united states, told you Haynes. The fresh customized level of solution FICS will bring suggests united states that they it’s worry about the victory. I am an appreciated individual, perhaps not a pass amount.
Over the years, the business features each other sold money so you’re able to people and employed finance to own servicing inside-domestic, so they required a platform that could without difficulty import and you may export investigation, also manage servicing for small-term and a lot of time-name money
Cornerstone House Credit was based in 1988 in Houston, Texas. The organization prides in itself on their community-large reputation of stability, high-faith customer service and on-date closings. Cornerstone House Financing has 74 twigs into the 15 says, that will be authorized so you can give when you look at the forty eight claims while the Section away from Columbia. To find out more, check out the organizations webpages at houseloan.
Depending inside 1983 and you will headquartered when you look at the Dallas, Colorado, Economic Community Computer systems, Inc. (FICS), focuses primarily on bringing versatile, total domestic and industrial tech ways to the borrowed funds world. FICS’ solutions are made to operate on Microsoft Screen systems with previous solutions created playing with .Net Construction that come with a refreshing Window Speech Base program and you will multiple-tiered shareable characteristics. The firm now offers innovative document management and you will web-based opportunities on their full room of products. Additional information about FICS is present through the organizations web site within FICS.