Mortgage Products / Mortgage Best Practices Solutions

Top 50 Providers of Mortgage Solutions Products

Mortgage Solution Products Offerings

Years of thought leadership, detailed Activity Based Costing (ABC) and exception based management analyses have yielded stellar products to help you lower your costs and improve quality (Six Sigma). Our products are based on .NET technology to ensure longevity into the next decade. All of our offerings are web based.

Our offerings are engineered with built-in task based tracking and work distribution management. These offering are successfully being utilized by a number of mortgage companies to manage offsite, near-shore and offshore outsourcing of post closing, loan boarding, lien release, escrow setup, new loan setup and various default related activities.

Visionet Systems launched VisiDataBridge to ease the pains of data and image transfer among investors, lenders, and servicers. VisiDataBridge is an out of the box open architecture solution for large scale loan information transfers. The tool automates data mapping among diverse systems and allows hundreds of in/outbound loan data formats to co-exist and function concurrently. Users do not need to pay a per transaction fee or lock themselves into a proprietary data hub. The tool can be installed and made functional in a very short time. Once configured, it significantly reduces the data errors and clean up activities through a robust built-in rules engine. Its Service Oriented Architecture (SOA) allows information exchange with ease.

A rules and workflow based system for taking the pain out of post closing compliance and new loan setup. VisiLoanReview^® is a state of the art system to check data integrity, regulatory compliance (including predatory lending) and quality control. Visionet maintains the currency of rules and regulations for every state. Please call to schedule a must see demo.

Predatory lending legislative landscape is evolving and the rules keep changing. VisiHCLAS is designed to help you keep up with this change. The good news is that the rules don’t change without a reasonable notice and information is available from multiple resources.

A Bridge of Success VisiRetention®

Visionet Systems Inc. has developed a comprehensive campaign management and customer retention platform The solution developed allows a lending operation to procure, complete and fund internal refinance originations. The purpose of this effort is to allow a mortgage banking operation to retain its portfolio while providing additional income to the bank. The Sales and Operations teams work with Secondary Marketing and the Investment Portfolio group to create Campaigns by identifying loans that are most likely to be refinanced, and offering a quick, inexpensive process to portfolio borrowers.

VisiRepurchase Providing:

Deadline Management
Reduction of Liability
Enforcing Discipline
Investor Reporting
Management Reporting

Designed and optimized for mortgage trailing docs

Automated follow up reminders
Assignment to user exception queues
Assignment to corrective action queues
Vendor SLA management

The engine provides Dashboards to:

Management for productivity analysis
Supervisors for error statistics, analysis and audit history
Push button task/work transfer among team members and vendors

OCR – Mortgage Industry Needs

Document Indexing through OCR
Reduce data entry costs and improve accuracy of data of documents e.g.

Legal Description
Loan Application – 1003
Note
HUD-1
Title Policy
…

Provides analytics for every stage of the Mortgage Business Life Cycle. The areas covered are Broker Performance, Origination Quality, Channel Performance, Customer Profile, Product Recommendation Tracking, Post Close Error Management, Predatory Lending Compliance, Regulatory Compliance, Escrow Estimation, Prepayment Risk, Cross Selling , Escrow Float Management, Customer Profitability (Servicing), Product Profitability (Production), Delinquency Management, Foreclosure Referral, Loss Estimation and Tracking & REO Management.

This system will perform escrow analysis on demand. Reduce escrow shortages to almost zero. Improve productivity of your escrow department by 50%. A must have for Servicing System customers.

A workflow based lien release automation offering to increase productivity of your lien release department by 40% and eliminate county fines and rejections.

Rule based application that will pull Servicing System Data and/or images during the default timeline to create NOI and Foreclosure Referral Letters. Exception handling queues provide warning when approaching critical dates.
Reduces error rates and avoids litigation. Catches exceptions sooner rather than later.
Improves department productivity and efficiency.
Provides task and team queues to manage workload and resources. Improves tracking of requests and provides a real-time management portal.
Reduces FHA and VA interest curtailment for missing first legal and cutoff dates.
Exception based system allow users to focus on exceptional activity instead of filtering the work from the entire population.
Re-generation of NOI when needed.

A workflow based system to setup new electronic payment option for Servicing System customers. Improve productivity by 50% while reducing errors by 99%.

Visionet recognizes that most Mortgage Banking Servicers have a combination of vendor products in place to manage their defaults operation. The VisiDefaults^® dashboard/workflow utilizes the following components:

Workflow Optimization
Workflow Technology Implementation
Business Partner Integration
Inter [Default] Unit Co-ordination
Enterprise Systems Integrations
Enterprise Systems Reconciliation
State Specific Nuances
Timely completion of Tasks
Automation (Exception based manual processing only)
Electronic Document Management and Retrieval
Collections effort Optimization
Data Cleansing
Analytics
CRM Integration
Regulatory Compliance
Mitigation of Duplication of Effort

Help Customer in Offering HELOC Securitization
Enable A New Revenue Stream For the Mortgage Client
Avoid Transaction Costs Model
Dynamic in nature
A REMIC (Real Estate Mortgage Investment Conduit) - a vehicle for issuing mortgage-backed securities that allows the issuer to treat the security as a sale of asset for tax and accounting purposes
Since payments and Draws are not predictable, securitization of these loans needs special handling