New by themselves-owned providers provides the 4th-largest manufacturing volume of the shopping non-financial mortgage organizations in the united states

Cornerstone Household Credit possess used Dallas-established Economic Community Personal computers, Inc.is why (FICS) residential financing upkeep application, Home loan Servicer , for nearly twenty years.

In terms of technology in order to services the funds, Foundation Domestic Credit necessary an open and versatile software system you to offered outlined and easy to make use of accounts.

Cornerstone Domestic Lending features used Dallas-based Monetary Community Computer systems, Inc.’s the reason (FICS ) residential loan maintenance software, Mortgage Servicer , for almost 2 decades. Financial Servicer automates repair services as well as escrow government, stuff, individual accounting, payment processing, losings minimization and you can year-prevent revealing. The program offers the ability to speed up and relieve new big date used on monthly regulating records.

Home loan Servicer is incredibly easy to use. The software program, when combined with Drain Amazingly Accounts , will bring us which have a thorough reporting service, said Lisa Haynes, vice president from Financing Maintenance. The newest strong customer service and you may user-friendly program facilitate workflow efficiencies and you may let the fresh new personnel easily learn the system.

Concurrently, Haynes cited compliance with all repair statutes because an alternative fuel regarding the loan Servicer software. Compliance issues are not an issue with FICS, she said. FICS continuously condition the program so you can echo the brand new previously-altering community developments and you can bodies rules.

Foundation Family Lending claims one of the first benefits to having fun with Financial Servicer is the ability to build comprehensive accounts and you will sees, which can be used to report to traders, authorities and you may providers executives. One of the largest time saving products in regards to our company is the capability to build this new bundled buyer accounts and interior customized account courtesy Crystal Reports’ integration having Financial Servicer, told you Haynes. So it mode enables our company to generate any statement we could possibly you prefer and simply export them on a variety of file formats. This new records are particularly used for our management people that assist having overseeing subservicers, preserving precious time.

Home loan Servicer now offers Cornerstone House Financing that have comprehensive and flexible trader accounting devices. While the Mortgage Servicer helps all the community-important reporting procedures – reconciliation, remittance, delinquency, prepaid service and you will demonstration harmony account, among others – the firm might possibly prices-efficiently manage its profile with no expense away from even more team.

Haynes together with told you the flexibility regarding Mortgage Servicer provides aided all of them produce customized workflows due to their particular business requires. Foundation Domestic Credit created a databases complete with suggestions using their front-stop program and you will Financial Servicer. While the Home loan Servicer utilizes an unbarred database relationships, studies could easily be extracted to deliver an entire document, which has had all of the origination and you may upkeep study, so you’re able to external businesses the lending company does company having. Considering Haynes, it provider keeps enabled Foundation Household Credit for a fully automated system and you can go paperless.

FICS metropolitan areas big increased exposure of knowledge and support service, which Haynes stated given that an option reason that the 2-decade dating ranging from FICS and you can Cornerstone Household Financing has been so successful. She records that each and every date their particular teams phone calls FICS support, a comparable customer service associate assists them quickly. A whole lot more importantly, she additional that the FICS group always requires the required go out so as that Cornerstone Household Lending’s concern is fixed and that they are completely came across.

Foundation Home Financing (previously labeled as Foundation Mortgage lender), situated inside 1988 inside Houston, has the fourth-biggest creation quantity of the merchandising low-financial mortgage businesses in america

FICS team have proven to be extremely knowledgeable, courteous and ready to run you, said Haynes. The brand new custom number of provider FICS will bring shows all of us that they its value the triumph. I’m a cherished person, perhaps not a ticket amount.

Historically, the business have each other marketed money so you can traders and you can chosen fund for maintenance when you look at the-home, so that they required a deck that’ll easily transfer and you can export data, also handle maintenance both for small-title and you will enough time-identity financing

Cornerstone Home Lending try mainly based within the 1988 from inside the Houston, Tx. The firm prides in itself to the their globe-greater reputation for integrity, high-believe support service and on-time closings. Foundation Household Lending have 74 twigs when you look at the fifteen claims, that is signed up so you’re able to lend for the 48 says and District regarding Columbia. To find out more, visit the organizations webpages at the houseloan.

Oriented from inside the 1983 and you may headquartered during the Dallas, Texas, Monetary World Computer systems, Inc. (FICS), focuses on providing versatile, comprehensive home-based and commercial technology methods to learn this here now the mortgage community. FICS’ possibilities are made to run on Microsoft Windows programs most abundant in recent selection authored having fun with .Websites Design that are included with a rich Window Demonstration Base screen and you can multi-tiered shareable services. The business now offers innovative document government and you can websites-established capabilities to your their complete collection of goods. Much more information throughout the FICS exists through the organizations web site on FICS.