Cornerstone Household Financing possess used Dallas-dependent Economic Community Computers, Inc.’s (FICS) residential loan maintenance app, Financial Servicer , for pretty much two decades.
In terms of tech to solution the financing, Cornerstone Home Credit requisite an unbarred and versatile application program you to definitely considering intricate and easy to use reports.
Cornerstone Family Financing features used Dallas-centered Economic Business Computers, Inc.’s (FICS ) domestic loan upkeep app, Mortgage Servicer , for almost 20 years. speedycashloan.net can you get a loan with no state id Home loan Servicer automates maintenance qualities and escrow administration, series, trader bookkeeping, payment handling, loss minimization and you can season-stop revealing. The program now offers the capacity to speed up and reduce the latest time used on month-to-month regulating accounts.
Financial Servicer is incredibly user friendly. The program, whenever and Drain Crystal Accounts , will bring us that have an intensive revealing services, told you Lisa Haynes, vp off Loan Servicing. The brand new strong customer support and you can user-friendly screen assists workflow efficiencies and you can help the fresh new professionals rapidly learn the system.
In addition, Haynes quoted compliance with servicing laws and regulations since a different sort of energy off the loan Servicer application. Conformity affairs aren’t a problem with FICS, she told you. FICS regularly position the software program so you’re able to mirror the brand new previously-modifying industry improvements and you may authorities regulations.
Foundation House Financing says among the first benefits to having fun with Mortgage Servicer is the ability to make full profile and you may observes, which you can use to help you are accountable to people, bodies and you will organization executives. One of the primary time saving products for our business is the ability to create the fresh included trader reports as well as inner custom records because of Crystal Reports’ combination having Home loan Servicer, told you Haynes. So it function allows we generate people declaration we might you prefer and easily export them for the a number of document types. New profile are very used in the government party and help which have supervising subservicers, protecting precious time.
Mortgage Servicer offers Cornerstone Family Financing having complete and flexible investor bookkeeping units. Since Financial Servicer aids all the world-fundamental reporting measures – reconciliation, remittance, delinquency, prepaid and you can trial equilibrium reports, among others – the business can cost-efficiently maintain its profile without having any expenses regarding additional employees.
Haynes along with said the flexibleness away from Home loan Servicer possess assisted them create customized workflows due to their particular team needs. Foundation Household Credit set-up a databases filled with pointers from their front-avoid program and you may Home loan Servicer. As the Mortgage Servicer makes use of an open database connections, analysis can easily be removed to transmit an entire document, with which has the origination and you can repair investigation, so you’re able to exterior enterprises the financial institution do company with. Predicated on Haynes, which solution has actually allowed Cornerstone Family Credit having a totally automated system and you can wade paperless.
FICS urban centers considerable increased exposure of degree and you will customer care, and this Haynes claimed given that a switch reason that both-several years matchmaking anywhere between FICS and Foundation Family Lending might have been so effective. She records that each big date her team phone calls FICS service, an equivalent support service affiliate helps them instantly. Even more importantly, she extra that the FICS party usually takes the desired big date so Foundation House Lending’s issue is resolved and you may they are completely fulfilled.
Cornerstone House Lending (formerly known as Cornerstone Mortgage company), oriented during the 1988 from inside the Houston, gets the last-prominent design volume of all merchandising non-bank financial enterprises in america
FICS staff have proven to be extremely experienced, courteous and ready to work at you, told you Haynes. Brand new personalized number of services FICS brings suggests all of us that they it really is love all of our profits. I’m an appreciated person, maybe not a citation number.
Usually, the firm have both ended up selling money so you’re able to buyers and employed financing to own repair in-house, so they really expected a patio that’ll without difficulty import and you will export data, along with deal with upkeep for both quick-term and long-name fund
Cornerstone Family Credit are dependent inside the 1988 in the Houston, Tx. The firm prides by itself on the their industry-large history of integrity, high-faith support service and on-big date closings. Foundation Family Financing provides 74 twigs when you look at the 15 states, and that is registered so you’re able to provide inside the forty-eight states as well as the Section out-of Columbia. To find out more, go to the organizations web site at the houseloan.
Founded in 1983 and headquartered in Dallas, Texas, Economic Industry Personal computers, Inc. (FICS), specializes in bringing versatile, comprehensive residential and you may industrial tech remedies for the borrowed funds globe. FICS’ expertise are created to operate on Microsoft Window systems most abundant in latest choices created using .Websites Build that come with a rich Window Demonstration Foundation screen and you may multiple-tiered shareable qualities. The business also offers imaginative file government and you may net-centered prospective towards the their full suite of goods. Additional info in the FICS is obtainable through the company’s web site at the FICS.