Cornerstone Home Credit has relied on Dallas-dependent Financial Community Computer systems, Inc.’s (FICS) domestic financing servicing app, Home loan Servicer , for nearly two decades.
When considering tech to help you provider the money, Cornerstone House Financing required an unbarred and flexible software program one to considering detailed and simple to use records.
Foundation Home Financing keeps relied on Dallas-oriented Economic Business Computer systems, Inc.is why (FICS ) home-based financing maintenance software, Financial Servicer , for almost 2 decades. Home loan Servicer automates upkeep features together with escrow management, choices, investor accounting, fee operating, loss minimization and you can seasons-end reporting. The software program even offers the capacity to speed up and reduce the fresh big date used on month-to-month regulatory reports.
Home loan Servicer is amazingly user friendly. The software program, whenever with Drain Amazingly Records , will bring you which have an extensive reporting provider, said Lisa Haynes, vice-president regarding Loan Upkeep. The brand new solid customer care and you can user friendly program facilitate workflow efficiencies and you will help the latest team easily learn the program.
In addition, Haynes cited compliance with all maintenance laws and regulations because the a new energy out of the loan Servicer app. Compliance things are not an issue with FICS, she told you. FICS regularly condition the application to help you echo the newest actually ever-switching world improvements and you will regulators guidelines.
Cornerstone Domestic Lending claims one of the primary advantageous assets to playing with Financial Servicer is the ability to make comprehensive profile and you may notices, which can be used to are accountable to buyers, government and you will providers professionals. One of the primary time-saving equipment for our company is the ability to build the newest included buyer records also internal personalized records thanks to Crystal Reports’ integration which have Home loan Servicer, told you Haynes. That it setting permits our company generate any report we might you want and easily export them on the multiple document platforms. The brand new account are employed for our very own government class and help with managing subservicers, protecting valued time.
Financial Servicer also provides Cornerstone Household Lending which have total and versatile investor accounting gadgets. As Financial Servicer supports every industry-simple reporting strategies – reconciliation, remittance, delinquency, prepaid and you will trial balance reports, among others – the company could probably rates-effectively maintain its portfolio without any expenses regarding most employees.
Haynes including told you the flexibility out-of Financial Servicer has actually helped them create personalized workflows because of their certain team requires. Foundation Home Credit developed a database including information off their front-end program and you may Home loan Servicer. Because the Financial Servicer makes use of an unbarred database connections, investigation can easily be removed to transmit a complete document, which has all origination and you may servicing study, in order to additional businesses the financial institution really does business having. Based on Haynes, so it services has actually permitted Foundation House Lending for a fully automated system and you can go paperless.
FICS places significant focus on degree and you can customer support, and this Haynes claimed due to the fact a key reason that the 2-ten years relationships anywhere between FICS and you may Foundation House Financing could have been therefore winning. She profile that every time their professionals phone calls FICS assistance, a comparable customer care associate assists them quickly. So much more notably, she additional that the FICS party constantly takes the required date so Foundation House Lending’s issue is fixed and you will they are totally fulfilled.
Foundation Domestic Lending (formerly known as Cornerstone Mortgage lender), mainly based in 1988 in the Houston, contains the last-largest manufacturing number of all shopping non-bank financial companies in america
FICS employees have proven to be most educated, courteous and able to manage you, told you Haynes. The individualized level of provider FICS provides reveals us which they it is value all of our achievements. I’m a respected person, not a violation matter loan in Georgia.
Typically, the company has actually one another marketed loans so you can investors and hired loans having maintenance when you look at the-domestic, so they really necessary a platform which will effortlessly import and export analysis, also handle servicing both for brief-identity and you may enough time-term loans
Cornerstone Family Financing is actually established for the 1988 for the Houston, Tx. The organization prides alone to the their community-greater reputation for stability, high-faith support service as well as on-go out closings. Cornerstone Home Financing enjoys 74 twigs during the fifteen says, and that’s signed up to give in 48 claims while the Area of Columbia. To find out more, check out the businesses webpages during the houseloan.
Dependent in 1983 and you will based in the Dallas, Texas, Financial Globe Computer systems, Inc. (FICS), focuses on taking flexible, full residential and you can commercial technology approaches to the loan business. FICS’ systems are created to operate on Microsoft Windows programs with recent options authored using .Websites Construction that include a rich Screen Speech Basis screen and multiple-tiered shareable characteristics. The firm even offers innovative document management and you can online-dependent prospective to your its complete room of goods. Info in the FICS is obtainable via the company’s site at the FICS.