Electronic Lien Release Solution Goes Live
Press Release - July 2007
| Contact: Cliff Johnson Visionet Systems Public Relations (609) 409-1063 x1116 |
FOR
IMMEDIATE RELEASE 9 AM EST July 3, 2007 |
Visionet Systems Electronic Lien Release Solution Goes Live at Four of the Top Ten Residential Mortgage Loan Servicers
- Solution enables servicers to automate county recordings -
Cranbury, N.J., July 3rd, 2007 – Visionet Systems VisiRelease solution processes approximately twenty percent of all residential mortgage releases in the US. It is a workflow and rules based solution designed for large and mid-size servicers. Visionet continues to respond to the cost pressures on mortgage servicers by automating as many mortgage processes as possible. VisiRelease has set the productivity benchmark for the banks to process 10,000 releases a month with 10 employees including paper based lien releases. This has resulted in in-sourcing of lien release functions at the most of Visionet’s clients.
“We hope that the addition of electronic recording capability will further improve upon the 10/10 benchmark as more counties adapt new technologies,” 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
4B Cedar Brook Drive
Cranbury, NJ 08512
Phone 609.452.0700
Fax 609.655.5232
clifford.johnson@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
