The brand new independently-possessed organization has the 4th-largest design amount of the retail non-financial home loan companies in america

Cornerstone Family Credit has actually used Dallas-created Financial Community Computers, Inc.’s the reason (FICS) domestic mortgage servicing software, Mortgage Servicer , for almost two decades.

Regarding technical to help you provider the loans, Cornerstone Domestic Financing expected an unbarred and versatile application system you to definitely offered outlined and easy to use profile.

Foundation Household Lending keeps relied on Dallas-depending Monetary Globe Personal computers, Inc.’s (FICS ) residential loan servicing software, Home loan Servicer , for almost 2 decades. Mortgage Servicer automates upkeep services and additionally escrow government, stuff, trader accounting, payment control, loss minimization and you may 12 months-avoid reporting. The program even offers the capacity to automate and reduce the fresh day spent on month-to-month regulatory accounts.

Financial Servicer is incredibly easy to use. The software program, whenever and Drain Crystal Reports , provides us having a thorough revealing services, told you Lisa Haynes, vice-president regarding Mortgage Servicing. The newest solid customer support and you may user friendly software support workflow efficiencies and you can let the fresh team quickly find out the program.

Additionally, Haynes quoted compliance along with maintenance regulations just like the an alternate energy from the loan Servicer software. Conformity factors aren’t a problem with FICS, she told you. FICS frequently status the program in order to echo the new ever-switching globe advancements and regulators laws and regulations.

Foundation Domestic Lending states one of the primary benefits to playing with Mortgage Servicer is the ability to create total accounts and you can observes, that can be used to help you report to people, bodies and you can team executives. One of the greatest time-saving devices for our business is the capacity to build the new bundled trader profile including inner individualized reports as a consequence of Crystal Reports’ consolidation having Financial Servicer, said Haynes. That it function enables our company generate any report we possibly may you want and simply export them towards the some document platforms. New accounts are particularly employed for all of our administration group and help that have managing subservicers, rescuing valued time.

Mortgage Servicer also offers Foundation Domestic Lending with complete and flexible buyer bookkeeping systems. Since the Home loan Servicer supports all the world-standard revealing methods – reconciliation, remittance, delinquency, prepaid and you may demo balance accounts, and others – the organization can pricing-efficiently maintain its profile without the expense of even more professionals.

Haynes in addition to said the flexibleness from Financial Servicer possess aided all of them write individualized workflows due to their particular providers requires. Foundation Family Financing set-up a database complete with suggestions using their front-avoid system and you may Mortgage Servicer. While the Home loan Servicer utilizes an unbarred database connections, investigation can easily be removed to transmit a complete document, who has every origination and you can upkeep investigation, in order to external enterprises the financial institution do organization that have. Predicated on Haynes, so it service possess permitted Foundation Family Financing having a totally automatic system and you may wade paperless.

FICS towns considerable emphasis on degree and you may customer service, and this Haynes claimed once the an option reason why the 2-decade matchmaking between FICS and Cornerstone Family Credit could have been very winning. Arkansas personal loans She profile that each and every big date her group calls FICS service, a comparable customer care user helps them instantly. Way more significantly, she added the FICS party usually requires the desired go out to make sure that Foundation House Lending’s concern is resolved and you can they are totally met.

Cornerstone Family Financing (previously labeled as Foundation Mortgage company), mainly based when you look at the 1988 when you look at the Houston, has got the 4th-largest creation level of all the retail low-lender financial people in america

FICS teams are actually really educated, courteous and ready to manage all of us, told you Haynes. The new personalized level of services FICS provides shows united states that they its love all of our achievement. I am a respected person, perhaps not a violation count.

Typically, the company provides each other ended up selling finance so you’re able to people and hired fund having servicing when you look at the-household, so that they required a deck which could easily transfer and you may export data, as well as deal with repair for small-title and a lot of time-identity finance

Foundation Family Financing is actually created inside the 1988 inside Houston, Tx. The company prides alone on the their business-greater reputation for integrity, high-trust customer care and on-date closings. Cornerstone Family Lending provides 74 twigs inside the 15 claims, that will be subscribed so you’re able to lend during the forty-eight claims therefore the Region away from Columbia. To find out more, check out the company’s site within houseloan.

Created into the 1983 and you will headquartered into the Dallas, Colorado, Monetary Business Computer systems, Inc. (FICS), focuses primarily on taking flexible, full domestic and you will commercial technology approaches to the mortgage community. FICS’ options are designed to run on Microsoft Window systems with present solutions composed having fun with .Internet Build that come with an abundant Window Demonstration Basis interface and you may multi-tiered shareable functions. The firm also provides creative document management and you will net-dependent prospective towards its full package of products. Considerably more details regarding FICS can be found through the company’s webpages at the FICS.