The fresh new independently-owned team has got the last-premier production number of every merchandising non-lender mortgage companies in the usa

Cornerstone Family Financing keeps relied on Dallas-dependent Financial Business Computers, Inc.is why (FICS) domestic mortgage servicing app, Financial Servicer , for almost 20 years.

When it comes to technical to help you solution the funds, Foundation Domestic Credit called for an unbarred and flexible application system one to considering detailed and easy to utilize profile.

Cornerstone House Lending has relied on Dallas-depending Financial Community Computers, Inc.’s (FICS ) home-based financing repair app, Home loan Servicer , for nearly 2 decades. Home loan Servicer automates maintenance attributes and additionally escrow government, choices, trader accounting, payment handling, losings minimization and you may season-prevent revealing. The program also offers the capacity to automate and relieve the fresh new go out allocated to monthly regulating accounts.

Mortgage Servicer is amazingly user friendly. The application, whenever along side Sap Amazingly Accounts , will bring us which have a comprehensive revealing solution, said Lisa Haynes, vice-president off Financing Repair. The new good customer service and intuitive interface assists workflow efficiencies and you will help this new team easily find out the system.

As well, Haynes quoted compliance with all upkeep statutes as yet another fuel off the borrowed funds Servicer software. Compliance products aren’t an issue with FICS, she said. FICS daily position the program so you can echo brand new actually ever-switching industry advancements and you may regulators regulations.

Cornerstone Family Lending claims among the first advantageous assets to having fun with Financial Servicer is the capacity to build complete account and you will sees, which you can use so you can are accountable to dealers, authorities and company professionals. One of the primary time saving products for our business is the ability to build the fresh bundled trader records together with internal customized accounts due to Amazingly Reports’ integration having Financial Servicer, told you Haynes. So it means permits we to generate any declaration we could possibly you desire and simply export all of them to the several document types. New reports are very employed for our very own management class which help which have supervising subservicers, preserving time.

Mortgage Servicer now offers Cornerstone Home Lending that have complete and flexible trader bookkeeping gadgets. Once the Financial Servicer supporting all community-standard revealing procedures – reconciliation, remittance, delinquency, prepaid and you can demonstration equilibrium accounts, yet others – the organization may be able to pricing-effortlessly maintain its profile without having any expense from extra group.

Haynes along with told you the flexibility out-of Financial Servicer features helped all of them establish personalized workflows for their certain providers needs. Cornerstone Home Financing set up a database that includes guidance from their front-stop program and you can Mortgage Servicer. Due to the fact Mortgage Servicer utilizes an unbarred databases associations, studies can easily be extracted to transmit an entire document, that features most of the origination and you can upkeep investigation, so you can external companies the financial institution really does providers that have. According to Haynes, this solution has actually enabled Cornerstone Household Credit having a completely automated program and you may wade paperless.

FICS metropolitan areas big increased exposure of knowledge and you can support service, hence Haynes reported because an option reason that both-years dating between FICS and Cornerstone Household Financing might have been therefore winning. She account that each and every go out their unique staff phone calls FICS service, a similar customer service associate helps them instantly. Alot more importantly, she added the FICS party constantly takes the necessary go out to ensure Foundation Family Lending’s issue is solved and you can they are entirely satisfied.

Cornerstone Household Financing (earlier called Cornerstone Mortgage lender), based during the 1988 within the Houston, has the 4th-prominent manufacturing amount of every retail non-lender financial people in america

FICS staff have proven to be really educated, polite and ready to run united states, said Haynes. The custom level of solution FICS provides shows united states which they it is care about the achievement. I am an appreciated person, maybe not a citation amount.

Over the years, the firm possess one another sold funds so you’re able to dealers and you may chose funds for maintenance inside-household, so that they needed a platform that personal loans for bad credit Rhode Island may with ease transfer and you will export studies, along with manage servicing for short-label and you may much time-label financing

Cornerstone Family Financing is depending for the 1988 in Houston, Texas. The company prides itself into the their business-broad reputation of stability, high-faith customer service as well as on-time closings. Foundation Household Lending has 74 twigs when you look at the 15 says, which will be signed up so you can provide within the 48 claims and the Region of Columbia. To learn more, visit the businesses webpages during the houseloan.

Built inside 1983 and based for the Dallas, Tx, Monetary World Computer systems, Inc. (FICS), focuses on providing versatile, complete domestic and you will industrial technical solutions to the borrowed funds globe. FICS’ expertise are designed to run using Microsoft Window platforms most abundant in present solutions authored having fun with .Web Construction that are included with a wealthy Screen Speech Basis user interface and multi-tiered shareable functions. The company now offers creative file government and you may websites-established opportunities on the the complete package of products. Additional info on FICS is obtainable through the company’s webpages at the FICS.