Mortgage Enterprise Risk Management (MERM) Product
Press Release - October 2008
Contact: Arshad Masood |
FOR
IMMEDIATE RELEASE 9 AM EST October 7, 2008 |
Visionet Systems Integrates Loan Performance Indicators and Proactive Risk Identifiers into Its Mortgage Enterprise Risk Management (MERM) Product
— Measuring key risk indicators (KRIs) and correlating them to key performance indicators (KPIs) at an enterprise level is the key to make decisions about business operations, forecast future risks, and identify opportunities intelligently and accurately —
Cranbury, NJ, October 7, 2008 – With the current mortgage and credit market crisis playing itself out, it has become apparent that our Mortgage Banking customers require a more proactive, dynamic, and performance-based risk management operation through the investment of robust solutions to drive improvement into their current practices. Therefore, we are expanding our solution to drive operational excellence and provide predictable and accurate forecasts to give our customers the stability, flexibility, and improved posture necessary to combat today’s issues. Visionet’s risk management solution is in operation at two of the top four large mortgage banks. Measuring key risk indicators (KRIs) and correlating them to key performance indicators (KPIs) at an enterprise level is the key to make decisions about business operations, forecast future risks, and identify opportunities intelligently and accurately.
Mortgage executives need a future-proof solution that is rules and workflow based with real-time dashboards to cohesively work across different departmental systems. This ensures the exchange of synergy between core risk management departments’ real-time activities across each of the key business areas for a fully integrated and dynamic enterprise risk management regime. This need will become critical as the GSEs cut their holdings and distressed assets change hands in the coming months.
Visionet’s risk management offerings include VisiLoanReview® – a revolutionary loan quality control audit solution, VisiRepurchase® – a repurchase loan demand management system, VisiClaims® – a third party claims and loan loss recovery system, and VisiLossMit® – a comprehensive loss mitigation and loan-workout system. All these systems are workflow and rules based and can be integrated with each other seamlessly forming the core set of systems at the heart of risk management operations in a bank Additionally, our VisiLossAnalysis tool can quickly estimate potential losses based on a wide variety of scenarios that can be used to drive audit reviews, pursue and publish loan loss claims to brokers and sellers, or support disposal of assets. At the center of this is an event monitoring engine that proactively communicates business events, issue actionable alerts, and orchestrates business workflows across different systems for fast dissemination of information and knowledge so that mortgage risk can be proactively managed.
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 business processes and technologies to improve profitability. Founded in 1995, the company's customers include mortgage bankers 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
clifford.johnson@visionetsystems.com
Contact
Cliff Johnson
Visionet Systems Public Relations
(609) 409-1063 x1116
clifford.johnson@visionetsystems.com
Arshad Masood
Visionet Systems Inc.
609-452-0700 Ext. 1119
arshad@visionetsystems.com
