Foundation Family Credit has relied on Dallas-mainly based Financial Industry Computers, Inc.is the reason (FICS) home-based loan servicing app, Financial Servicer , for pretty much two decades.
When considering technical to help you provider its loans, Cornerstone House Financing called for an unbarred and versatile application program one offered detail by detail and simple to use account.
Foundation Home Lending has actually used Dallas-created Financial Industry Personal computers, Inc.’s (FICS ) residential mortgage repair application, Home loan Servicer , for nearly 20 years. Mortgage Servicer automates repair services including escrow management, series, investor accounting, payment handling, losings minimization and you may seasons-end reporting. The program has the benefit of the ability to automate and relieve the brand new day used on monthly regulating accounts.
Financial Servicer is incredibly simple to use. The software program, whenever and Drain Amazingly Records , provides you that have an intensive reporting solution, said Lisa Haynes, vice president of Financing Maintenance. This new good customer service and you can user-friendly user interface helps workflow efficiencies and you may let the newest personnel quickly find out the program.
At the same time, Haynes cited conformity with all of servicing regulations because the yet another energy of the borrowed funds Servicer software. Conformity activities aren’t an issue with FICS, she told you. FICS regularly condition the application to echo the newest ever before-changing industry developments and you can bodies statutes.
Cornerstone House Financing claims one of the first benefits to using Mortgage Servicer is the capability to create full records and you may sees, which can be used to help you report to dealers, government and you can company managers. One of the biggest time saving gizmos for the company is the capability to create the fresh new bundled investor accounts as well as interior individualized account through Crystal Reports’ combination with Home loan Servicer, told you Haynes. So it form enables we to produce any statement we possibly may you want and simply export all of them on the several file types. The profile are extremely used in all of our government group that assist that have managing subservicers, protecting work-time.
Financial Servicer also provides Foundation House Financing with full and versatile buyer accounting units. Just like the Mortgage Servicer supports all world-standard reporting methods – reconciliation, remittance, delinquency, prepaid and demo balance reports, yet others – the company may be able to prices-effectively maintain its portfolio without any bills out-of additional personnel.
Haynes in addition to said the flexibility off Mortgage Servicer keeps helped all of them create individualized workflows for their particular organization need. Cornerstone House Credit created a databases that includes information from their front-stop system and you may Home loan Servicer. While the Mortgage Servicer makes use of an unbarred databases contacts, data can easily be removed to transmit a whole file, that has had all the origination and you can maintenance study, so you’re able to exterior organizations the financial institution really does company with. According to Haynes, so it services have enabled Cornerstone House Credit to have a completely automated program and you can wade paperless.
FICS places significant focus on training and you will customer support, which Haynes stated as a switch reason why both-several years dating ranging from FICS and Foundation House Lending could have been therefore profitable. She profile that each day their particular employees phone calls FICS support, an identical customer care associate helps them instantly. A lot more notably, she added the FICS team constantly takes the mandatory big date so as that Foundation Family Lending’s concern is resolved and that they are completely found.
Foundation Domestic Credit (earlier called Cornerstone Mortgage lender), created for the 1988 from inside the Houston, contains the 4th-premier production amount of most of the shopping non-financial mortgage organizations in the usa
FICS professionals are actually really experienced, courteous and able to manage united states, said Haynes. The individualized number of provider FICS will bring suggests you that they really love our achievements. I’m a valued individual, not a solution amount.
Usually, the organization has actually each other marketed financing so you can investors and you can chose finance for repair within the-household, so they necessary a patio that may without difficulty import and you may export research, in addition to deal with maintenance for both brief-term and you may a lot of time-identity money
Cornerstone Household Credit are built from inside the 1988 inside the Houston, Tx. The firm prides in itself on their industry-wide history of integrity, high-trust customer care as well as on-date closings. Cornerstone Family Lending have 74 twigs during the fifteen says, which will be licensed to help you lend inside the 48 says and the District of Columbia. To find out more, visit the organization’s web site at houseloan.
Built inside the 1983 and headquartered when you look at the Dallas, Texas, Financial World Computers, Inc. (FICS), focuses on taking flexible, comprehensive residential and you may commercial tech answers to the loan community. FICS’ assistance are created to run-on Microsoft online payday loan Maine Window platforms with recent selection composed having fun with .Web Construction that come with a wealthy Screen Presentation Basis user interface and you may multiple-tiered shareable qualities. The firm also provides imaginative document management and you will internet-situated prospective towards the the complete package of products. More info regarding the FICS is obtainable via the company’s site in the FICS.