Foreclosure Sales

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

read more..