New alone-owned team has the last-premier design amount of all retail non-bank mortgage enterprises in the united states

Cornerstone House Financing features made use of Dallas-oriented Monetary World Personal computers, Inc.’s (FICS) residential loan maintenance software, Financial Servicer , for nearly 2 decades.

In terms of tech to service its loans, Cornerstone House Financing expected an unbarred and versatile app system you to definitely provided detailed and easy to make use of account.

Cornerstone Household Credit has relied on Dallas-based Economic World Computer systems, Inc.is the reason (FICS ) home-based financing servicing application, Financial Servicer , for pretty much twenty years. Financial Servicer automates maintenance qualities and escrow government, choices, trader bookkeeping, percentage control, losses minimization and year-prevent reporting. The software program also provides the ability to automate and relieve brand new big date spent on monthly regulatory records.

Financial Servicer is amazingly user friendly. The software program, whenever and Drain Crystal Profile , brings united states with an intensive revealing service, told you Lisa Haynes, vp away from Mortgage Upkeep. The new good customer support and user friendly user interface facilitate workflow efficiencies and you can help the newest personnel easily find out the system.

As well, Haynes quoted conformity along with servicing laws and regulations as the another energy regarding the borrowed funds Servicer software. Conformity products are not an issue with FICS, she told you. FICS daily standing the program to echo the latest actually ever-switching globe advancements and you may authorities rules.

Cornerstone Home Lending says among the first benefits to having fun with Financial Servicer is the capability to generate comprehensive reports and you may sees, that can be used to report to investors, government and organization executives. One of the biggest time saving equipment for the organization is the capacity to make the latest bundled investor records plus interior customized reports as a result of Crystal Reports’ combination which have Home loan Servicer, told you Haynes. This function permits our company to generate one report we would you prefer and simply export all of them into many document platforms. The latest reports are useful our government team which help that have supervising subservicers, protecting valued time.

Financial Servicer has the benefit of Cornerstone Home Financing that have full and flexible buyer bookkeeping gadgets. Since Financial Servicer supporting all the industry-standard reporting measures – reconciliation, remittance, delinquency, prepaid service and you may demo balance reports, and others – the business can rates-effectively maintain steadily its collection without having any expense from additional teams.

Haynes plus said the flexibility of Home loan Servicer enjoys assisted all of them establish personalized workflows because of their particular team means. Cornerstone House Lending set up a database detailed with guidance using their front-end program and Mortgage Servicer. As Mortgage Servicer uses an unbarred databases connectivity, investigation can easily be extracted to transmit a whole file, that contains all the origination and you may maintenance study, so you can outside organizations the lender do business that have. Predicated on Haynes, this service possess permitted Foundation House Financing having a completely automated system and you will wade paperless.

FICS locations considerable focus on training and you may customer care, and therefore Haynes advertised because the a button reason why the two-10 years relationship between FICS and you will Foundation House Credit could have been thus effective. She reports that each big date their employees calls FICS assistance, an identical customer support associate assists them immediately. A great deal more notably, she added your FICS team usually takes the necessary time so that Foundation Home Lending’s concern is solved and that they’re completely met.

Cornerstone Household Financing (formerly called Foundation Mortgage lender), situated into the 1988 inside the Houston, comes with the last-premier production quantity of every shopping title loans Pennsylvania low-bank mortgage organizations in the usa

FICS employees are actually most educated, courteous and ready to work at all of us, said Haynes. The fresh customized amount of solution FICS provides reveals all of us that they it’s love all of our triumph. I’m an appreciated people, not an admission number.

Usually, the organization provides each other marketed money so you’re able to investors and chose money for servicing during the-household, so that they necessary a platform which could easily import and you can export research, also deal with upkeep both for small-identity and you can a lot of time-name fund

Cornerstone Family Lending is actually based when you look at the 1988 for the Houston, Colorado. The organization prides itself toward its world-greater history of stability, high-faith support service as well as on-time closings. Foundation Domestic Credit enjoys 74 twigs during the fifteen states, that is signed up in order to provide inside 48 states as well as the District from Columbia. For more information, go to the company’s website at houseloan.

Based inside 1983 and you may based in the Dallas, Colorado, Financial Globe Computers, Inc. (FICS), focuses on delivering versatile, complete domestic and you will commercial technical solutions to the mortgage industry. FICS’ options are made to run using Microsoft Windows platforms with present possibilities written having fun with .Internet Design that are included with an abundant Windows Presentation Basis program and multi-tiered shareable properties. The company also provides imaginative document management and you will websites-situated potential on their full room of goods. Info regarding FICS exists through the company’s webpages on FICS.