Cornerstone Family Lending features relied on Dallas-built Financial World Computer systems, Inc.’s (FICS) home-based loan repair application, Home loan Servicer , for nearly two decades.
In terms of technical to service their finance, Foundation House Lending necessary an unbarred and flexible application system that considering intricate and simple to make use of records.
Cornerstone Household Financing has actually relied on Dallas-founded Financial World Computers, Inc.’s (FICS ) home-based financing upkeep application, Mortgage Servicer , for almost 20 years. Mortgage Servicer automates maintenance functions plus escrow management, stuff, investor accounting, percentage operating, losses minimization and you will seasons-prevent reporting. The program offers the ability to automate and relieve new day used on monthly regulatory reports.
Mortgage Servicer is incredibly user friendly. The software program, when along side Drain Crystal Account , will bring all of us having a thorough reporting provider, said Lisa Haynes, vice president out-of Mortgage Servicing. The good customer care and you will easy to use program support workflow efficiencies and assist the staff quickly learn the system.
At exactly the same time, Haynes quoted conformity with all of servicing rules since another type of power regarding the mortgage Servicer app. Compliance affairs commonly a problem with FICS, she said. FICS daily status the program in order to echo the fresh new ever before-switching community developments and bodies guidelines.
Foundation Home Credit claims among the first benefits to having fun with Home loan Servicer is the power to make total records and notices, which you can use to report to investors, authorities and business executives. One of the primary time-saving devices in regards to our company is the capacity to make this new included trader reports and additionally internal customized account because of Amazingly Reports’ integration with Mortgage Servicer, told you Haynes. That it function allows we to produce any statement we possibly may need and simply export all of them towards multiple file forms. The new records are very used for all of our administration cluster which help having overseeing subservicers, preserving valuable time.
Financial Servicer has the benefit of Foundation House Financing which have comprehensive and versatile buyer accounting products. Once the Financial Servicer supports most of the industry-important revealing procedures – reconciliation, remittance, delinquency, prepaid service and you will trial harmony records, among others – the business could possibly prices-efficiently maintain its profile without the expenses regarding a lot more employees.
Haynes in addition to told you the flexibility from Home loan Servicer enjoys assisted all of them create personalized workflows because of their specific organization needs. Cornerstone Household Financing set-up a database complete with information from their front-stop program and Financial Servicer. Since Mortgage Servicer utilizes an unbarred databases connections, studies could easily be extracted to deliver a whole file, who has every origination and you will maintenance investigation, to help you external businesses the financial institution do company which have. Predicated on Haynes, which provider have permitted Cornerstone Domestic Financing for a totally automatic system and you will wade paperless.
FICS urban centers significant focus on degree and customer support, hence Haynes stated once the a switch reason why both-10 years relationships ranging from FICS and you may Foundation Home Lending could have been thus winning. She reports that each day their particular professionals phone calls FICS service, a comparable support service associate assists them quickly. Much more notably, she extra that the FICS cluster constantly requires the necessary time to ensure that Foundation Domestic Lending’s concern is solved and you may that they’re completely satisfied.
Foundation Family Financing (earlier labeled as Cornerstone Mortgage lender), situated in 1988 inside the Houston, gets the fourth-prominent design level of all the merchandising low-financial financial enterprises in the usa
FICS teams have proven to be very knowledgeable, courteous and ready to work at united states, said Haynes. The fresh custom level of services FICS brings shows all of us which they its worry about our success. I’m a cherished individual, perhaps not an admission number.
Usually, the organization has actually one another ended up selling loans to help you people and employed financing to possess servicing during the-household, so they required a deck that will with ease import and you will export research, plus manage maintenance for brief-term and you will long-label fund
Cornerstone Family Credit is oriented in the 1988 during the Houston, Colorado. The firm prides alone on the the globe-large reputation of ethics, high-trust support service and on-day closings. Cornerstone Family Financing enjoys 74 twigs inside the fifteen states, and that is signed up to help you provide from inside the forty eight claims and the Area from Columbia. For more information, visit the organizations web site in the houseloan.
Situated from inside the 1983 and headquartered inside Dallas, Tx, Economic Globe Computer systems, Inc. (FICS), specializes in getting versatile, comprehensive residential and you can industrial technical answers to the loan community. FICS’ possibilities are made to operate on Microsoft Windows platforms with latest alternatives authored having fun with .Internet Framework that are included with a rich Windows Speech Basis interface and you will multi-tiered shareable qualities. The firm has the benefit of imaginative document administration and you can internet-dependent possibilities on the complete room of products. Additional information from the FICS is present through the businesses webpages on FICS.