Lowers Data and Image Transfer Due Diligence Costs for Lenders, Servicers, and Investors

Solution Offers Open Architecture and Reduces Third Party Due Diligence Costs

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.

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 would 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 a 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.

Click Here or diagram to see its Larger View

Fig.1 - VisiDataBridge Architecture

Salient Features

VisiDataBridge provides an automated solution, using configurable data mapping, flexible loan data structures for various sellers and to rapidly adapt and convert new file formats to an investor's internal database format. This solution dramatically reduces human error in the data intake process while enabling the decision-maker to bid more quickly and knowledgably. This solution is further elaborated with the help of diagram in the last section.

Setup and Configure Staging Areas

Allows definition of one or more staging areas where investor/servicer can load the loan data received from sellers and due diligence vendors. Each staging area consists of one or more data tables representing the universal data-set that the investor/servicer would like to maintain in their database. The number of data tables and the contents of each of the data tables (data fields) can be configured according to the business requirements. Also supports the concept of multiple staging areas if more than one data store is required.

• Support for Multiple staging areas
• Flexible define of one or more data tables
• Completely configurable fields/columns
• Manage table relationships
• SQL Script generation

Data Templates Configuration

VisiDataBridge allows the users to define data import/export templates. The basic types of data formats supported include Excel, CSV/TSV and TXT files. VisiDataBridge provides flexible user interface to map the import/export template columns to their destination staging area table columns. The user can also define basic data validation and data transformation rules. VisiDataBridge allows creation and categorization of as many seller loan data formats (templates) as required by the business process and offer the following major features:

• Create and map data import/export templates
• Load loan data received from multiple sellers and/or due diligence vendors
• Setup and associate data validation and transformation rules
• Setup code translators for reference data translation

Data Import/Export Service

VisiDataBridge provides configurable Data Import process that runs as a Windows service, this Windows service can be configured run on pre-set schedules or can be run on-demand. Allows the user to upload / download files processed by the system with complete log and history of previous import/export job runs.

• Configurable Date/Time for service execution
• Configurable Input data sources
• Configurable email notification settings

Integration with External Services

VisiDataBridge provides configurable External Services Connectors that can be configure to export data and findings from VLR to external service providers and in turn import the results along with findings and store them to the VLR data repository. The external service connectors also support receipt of loan document images via the VLR portal.