Regeneration of releases, integration with imaging system, interface with Title company for sending research requests. Interface with Title company to load the data received from the title company. Data exchange interface with Servicing System. Load all data required for printing release from servicing/origination system. Posting to servicing System pifm tracking Screen. Interface with document management group to get the recorded mortgage document, note.
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Flexible rule maintenance automatic Validate of state business rules for lien release or assignment. Automated generation paper of paying Agent Information. Handle c e and co-op business logic. Digital Signatures capability for signers and witnesses. Out of Compliance workflow with crashed due dates. Suspend/Resume any payoff loan process in case of nsf, short payment, etc. Provide the capability to integrate with the new loan number in case of internal refinance loans. Designed to use ser comments for any crucial activity on Release Application. Request and track document assignment from custodians. Printing of cover letter and PF039 letters.
This analysis is all controlled through a queue management environment that can be tailored to each client. In previous cases, a 20 member lien release team has improved its throughput by almost 100. We also offer the option of maintaining a department of 4 in the us and 10 offshore, lowering the cost per loan release to three dollars. VisiRelease features (Lien Release mortgage loan Servicing Software). Workflow driven by state regulations, escalation if task is not completed within due date. Flexible templates for all states/counties for all document types (including Release, lost Note and Assignments, quit Claim, Transfer of lien and ucc form). Work queues with automatic load distribution.
These business processes are automated to pull, translate, and populate existing information from upstream systems. Similar automation has been designed to feed downstream systems. Our team made the whole process, from payoff to final Package sent, quicker, more efficient, and easily manageable. Various queues for management, supervisors, and users are implemented to prioritize work and highlight exceptions. Previously, this process has been conducive to reducing reconveyance time to the minimum allowed by the statutes. Users have the ability to define complex business conditions through the database driven Business Engine. Each task is associated with a corresponding business condition to ensure accuracy. A powerful and flexible print engine is implemented for the printing of release, assignments and lost notes, with or without electronic signatures. VisiRelease is a melding of task dependent workflow, rules, templates, and interfaces all seamlessly operating together.
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The Challenge (Lien Release mortgage loan Servicing Software). The current lien release process requires many different processes and is done manually. It is typical to see a team of 20 people handling at least 15,000 releases a month. The reconveyance department begins processing once a loan is paid off. Documents must be retrieved from the custodian, releases must be signed and witnessed, checks for recording fees must be prepared, and the final package must be sent out in a matter of weeks. This quality of this task salon is tethered to the skills of the person doing the job. We offer an alternative process that is technology driven and specifically designed for the lien process.
Our process is quick, efficient, and accurate. If a task is done perfectly then the process will continue, and if a task is done incorrectly it will require some review. Solution / Mortgage technology (Lien Release mortgage loan Servicing Software). Through utilizing Business Process Modeling techniques we have translated the reconveyance process into an optimized workflow. Tasks are automated, hybrid, or manual. Supervisors are easily able to assign, monitor, and measure workload at ftes, team levels, and department levels.
Reporting Module, included in aces, enables you to create any report you desire in any format. Take advantage of our many default reports popular with current armco clients, modify these templates or leverage our quality control software to produce any type of report you can imagine. Please your management and external auditors with report visualization, such as graphs and charts. Build a suite of reports with total ease. Communication and Reporting within aces can be used to clearly notify management about defects, inform the parties responsible for resolving the defects, document the resolution of the defects and report results of the resolution efforts to appropriate management. Learn More about aces reporting.
Certainly the best way to determine if aces mortgage loan audit technology is right for you is to schedule a consultation. Let one of our product specialists hear your quality control or servicing quality control needs and offer you further detail on how the system can be tailored to your business requirements and risk mitigation needs). Mortgage recording loan Servicing/Reconveyance, revolution in Mortgage residential commercial Mortgage lien Release assignment Processing. Visionet presents servicers with VisiRelease as a solution to lower operational costs and boost productivity. This is a lien release mortgage software product that is skilled at efficiently processing trust deeds, mortgage loan releases and assignment documents for lien residential loan mortgages. This software is designed to lower our mortgage clients operational and transaction causes tremendously while maintaining quality and accuracy.
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Aces is unique among qc software and audit systems, with a comprehensive. Communications Portal that facilitates inter-organizational and third-party dialogue regarding exceptions and audits. Included in the system, the exclusive portal enables direct and recorded communication between your auditors and aors. You control how communication flows; how often exception notifications are sent. You direct auto-reminders to aors for outstanding exceptions - which eliminates the unwieldy tracking down of responses via email or other systems. Experience a new level of control and certainty with coordinated communication. Learn More about aces communication, powerful, Unlimited Reporting Capabilities, essay the comprehensive.
Aces ensures that loans are originated according to secondary market investors' guidelines. Questionnaires (checklists) are maintained and updated as new rules emerge, prior to enforcement. Our questionnaires contain advanced features, such as criteria-driven questions and triggers that automatically answer questions based on prior answers. We provide you absolute control over how your auditors process exceptions. Completely customizable loan exceptions have two levels of Area of Responsibility (AORs definable significance levels and dynamic comment functionality. Sophisticated processes within the software our allow users to easily track, manage and monitor loan exceptions - enabling true risk mitigation for your organization. Communication That Reduces Defects, organization-wide communication is critical for reporting Gross. Net Defects, passing Fannie mae audits/reviews and overall risk reduction.
aces to meet your real-time pre-funding needs. Or, if you prefer, loans can be manually keyed into the system using as many fields as desired or as few as three. Improving Productivity with Smart Sampling, easy-to-use audit, loan Selection, and loan Assignment Modules (all included in the aces system) are integrated into a streamlined workflow, guiding analysts and administrators through a process that improves productivity. Automated loan Selection Module (ALS) chooses loans for audit based on the most advanced industry-accepted loan sampling methodologies. The audit Module permits an unlimited number of user-definable fields so you can tailor aces web to your organization's specific activities. The automation of loan assignment to analysts, based on criteria set up by you, is included in the loan Assignment Module. Aces has safeguards to enforce your business practices and manage employee access rights, providing you a new level of assurance. Learn More about aces sampling, regulatory support process Control with Advanced questionnaires. Feel confident with complete regulatory compliance support provided by armco.
We facilitate any process involving loan files: pre-funding and post-closing quality control, mortgage servicing qc, auditing, compliance reviews, due diligence reviews and more. Web-Based Advantages, aces is a secure, web-based application that handles your entire audit process. With control of ip addresses, you may grant access to any employee or remote employee with an internet connection. No cumbersome installation is required. Because aces is always maintained by armco, say goodbye to dependence on your it resources to make any changes to aces or to the way your systems communicate with aces. It Starts with Easy data Importing. Import data from any of your sources. Acess loan import functionality imports loan data electronically from your los, legacy database or even essay Excel spreadsheets. Your it department does not need to be involved unless you prefer them.
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Why armco, audit book Technology Platform, experience seamless coordination and communication in real time. Reduce headaches from it dependency with an online application. Feel true control with customized importing, sampling, communication reporting. Aces audit Technology provides you ultimate flexibility and control to manage your auditing requirements. Place your organizations mortgage quality control plans, policies and procedures in motion via a state-of-art system to substantially reduce auditing time, reduce risk and allow you to change your departmental profile from a cost center to a strategic profitability center. The industrys leading mortgage quality control software that supports seamless coordination, communication in real time and mortgage risk management will help you get there. Aces has built its reputation over the last two decades by efficiently solving the loan audit needs of mortgage professionals.