Cornerstone Home Financing enjoys relied on Dallas-built Monetary Community Computers, Inc.is the reason (FICS) residential loan maintenance application, Mortgage Servicer , for nearly twenty years.
In terms of technology to help you provider the money, Cornerstone Family Lending necessary an open and versatile application program one provided intricate and easy to make use of account.
Cornerstone Home Credit provides made use of Dallas-oriented Monetary Globe Computer systems, Inc.’s (FICS ) residential financing servicing application, Home loan Servicer , for nearly 20 years. Mortgage Servicer automates maintenance qualities as well as escrow administration, collections, individual accounting, payment running, losses mitigation and 12 months-stop revealing. The application also offers the capability to automate and relieve brand new date used on monthly regulating reports.
Financial Servicer is amazingly user friendly. The software, when together with Sap Crystal Accounts , brings all of us that have a comprehensive revealing solution, said Lisa Haynes, vp regarding Financing Upkeep. The newest good customer service and you can easy to use software assists workflow efficiencies and assist the brand new team easily find out the program.
At the same time, Haynes cited compliance with all upkeep laws and regulations just like the an alternate energy out-of the loan Servicer software. Conformity factors aren’t a problem with FICS, she said. FICS daily position the software so you can reflect this new previously-modifying business improvements and you can authorities statutes.
Cornerstone House Financing claims one of the primary benefits to using Mortgage Servicer ‘s the capacity to build total reports and you can notices, that can be used so you’re able to are accountable to traders, government and you will company professionals. One of the greatest time-saving products for our business is the capacity to build the fresh included individual accounts together with inner individualized account through Crystal Reports’ consolidation which have Financial Servicer, told you Haynes. It form permits we generate any report we possibly may need and simply export them to your many different file formats. Brand new accounts have become used for our management team that assist which have managing subservicers, protecting precious time.
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Mortgage Servicer offers Foundation Family Lending that have complete and flexible individual accounting equipment. Since Financial Servicer aids all industry-basic revealing actions – reconciliation, remittance, delinquency, prepaid and you will demonstration balance reports, among others – the business could probably prices-effortlessly maintain its profile without having any bills away from even more personnel.
Haynes and told you the flexibility out of Financial Servicer keeps assisted all of them develop personalized workflows because of their specific providers means. Cornerstone House Financing set-up a databases that includes information using their front-avoid program and you will Mortgage Servicer. Since the Home loan Servicer makes use of an unbarred database connectivity, research could easily be extracted to transmit an entire file, which includes all origination and you can servicing data, to help you external organizations the lender really does team with. Considering Haynes, which provider has allowed Foundation House Financing to own a totally automatic program and you can go paperless.
FICS places big emphasis on studies and you can support service, which Haynes claimed while the a button reason that both-a decade dating ranging from FICS and Cornerstone Domestic Credit could have been so winning. She account that every big date her professionals calls FICS assistance, an identical customer service associate assists them instantly. Significantly more significantly, she additional that the FICS team constantly takes the necessary day to make sure that Foundation Home Lending’s issue is resolved and you may they are completely satisfied.
Foundation Household Credit (formerly also known as Cornerstone Mortgage lender), depending in the 1988 within the Houston, provides the last-premier creation number of the merchandising non-lender financial enterprises in the united states
FICS teams are actually really knowledgeable, polite and ready to work at us, told you Haynes. New customized number of provider FICS brings suggests you that they it really is care about all of our triumph. I’m a respected individual, perhaps not an admission matter.
Usually, the company enjoys one another ended up selling funds in order to buyers and you can chosen loans to own upkeep inside the-domestic, so they really requisite a deck that could easily import and you can export study, including handle servicing for both brief-term and you can a lot of time-label loans
Foundation Family Credit was established in 1988 when you look at the Houston, Colorado. The company prides in itself into the the industry-wider reputation for ethics, high-faith customer care and on-day closings. Foundation Home Credit keeps 74 branches inside the 15 states, which can be registered so you’re able to provide inside 48 claims together with Section out of Columbia. For more information, look at the businesses webpages at the houseloan.
Based when you look at the 1983 and you can headquartered inside Dallas, Colorado, Economic Business Computer systems, Inc. (FICS), focuses on bringing flexible, total home-based and you can industrial tech methods to the borrowed funds community. FICS’ solutions are made to run using Microsoft Window networks most abundant in current choices created playing with .Online Build that come with an abundant Windows Speech Base screen and multi-tiered shareable properties. The company also provides creative file management and you will web-situated potential towards its complete suite of goods. Addiitional information from the FICS is obtainable via the organization’s site in the FICS.
