Foreclosure Sales Order System Enhancement
Case Studies
Mortgage
Regulatory Compliance by Enhancing the Foreclosure Sales Order System
Client
One of the nation's largest mortgage bankers. It originates, purchases, securitizes, sells and services home loans.
Challenge
To grow into new regions, while meeting the legislative requirements that vary significantly from state to state, the company needed to enhance its Foreclosure Sales Order system.
Visionet Systems was asked to redesign the system making it more generic and to optimize the workflow system. Visionet was selected for the project because of its
Reputation of high quality people specializing
in diverse technologies
Knowledge of the mortgage banking industry
Ability to incrementally enhance and redesign
the system
Without disrupting operation and providing quick
return on investment.
Solution
Visionet team analyzed and optimized the existing application. The team also integrated the enhanced application into the front-end web site to provide real-time/dynamic access to data.
Results
The client's results were:
Accelerated the time the business could expand
into new states by 9 months
Brought dramatic improvement in regularity compliance
and timeliness/quality of
correspondence protected investment in existing
software/hardware infrastructure
ROI: 6 month payback on the investment
Mortgage CaseStudies
- Lender/Servicer Replatform
- Lender/Servicer QC
- Title/Escrow Platform Reengineering
- Loan Origination
- Repurchase Process Re-Engineering
- Foreclosure Claims
- Foreclosure Sales
- Loan Servicing System
- HELOC Revolving Trust Securitization
- Servicing Account Reporting
- Workflow Solutions
- CRM / Mortgage Origination
- BPI Automation
- Mortgage Origination
- Reconveyance Processing Solution
- Document Management Offering
- ARM Loan Audit Workflow
