Lower Data and Image Transfer Costs for Lenders, Servicers, and Investors
Press Release Archive - August 2007

Visionet Systems Launches VisiDataBridge to Lower Data and Image Transfer Costs for Lenders, Servicers, and Investors

- Solution offers open architecture and reduces third party due diligence costs -

Cranbury, N.J., August 6, 2007 – 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 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.

The structure of VisiDataBridge significantly lowers the data/document transfer time and due diligence effort and costs. An additional module allows the document-to-data integrity reviews. Since this module of VisiDataBridge is a web based system, due diligence contractors can access data from wherever they are, thus eliminating the need and cost of travel. Furthermore, basic due diligence tasks can be done by a third party at nominal costs and only problem loans could be sent to major due diligence companies.

VisiDataBridge can operate in complex many-to-many or basic many-to-one data hub formats. The tool has saved lenders a lot of time and money as the loan transfer, sale, and re-sale activities are at peak because of the current market conditions. Investors need VisiDataBridge to quickly convert the data into their preferred format for rapid analysis. The same is true for indexed loan documents. VisiDataBridge processes data and documents and loads the converted data and document indices into the client’s secondary marketing, due diligence, or servicing systems. VisiDataBridge supports most LOS/Tape data formats, including those of two major propriety servicing systems. All of this is managed through a user friendly portal interface. “Visionet continues to offer innovative and affordable technologies to meet the changing market needs. VisiDataBridge is another tool to help the industry execute with speed while lowering costs and making external due diligence less taxing,” said Arshad Masood, president of Visionet Systems. 

About Visionet Systems

Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Using a combination of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company's customers include mortgage lenders and servicers.

For more information, visit www.visionetsystems.com

Visionet Systems Inc.
www.visionetsystems.com
3 Cedarbrook Drive
Cranbury, NJ 08512
Phone 609.452.0700
Fax 609.655.5232
mortgage@visionetsystems.com

Contact:

Arshad Masood
Visionet Systems Inc.
609-452-0700 Ext. 1119
arshad@visionetsystems.com

Cliff Johnson
Visionet Systems Public Relations
(609) 409-1063 x1116
clifford.johnson@visionetsystems.com