Executive Conversation: Alok Bansal on Zero-Cost Technology

2018-05

Executive Conversation: Alok Bansal on Zero-Cost Technology

Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the operations and the people that make this sector tick. In the latest installment, the Housing Wire team sat down with Alok Bansal, managing director of Visionet Systems, to discuss zero-cost technology — an alternative to the buy vs. build conundrum lenders often face.

 Q. What are some of the challenges for lenders as they consider whether to buy or develop new technology solutions?

New Visionet eBook Outlines Ways for Loan Originators to Cut Production Costs

2018-26

New Visionet eBook Outlines Ways for Loan Originators to Cut Production Costs

CRANBURY, NJ – September 27, 2018 – Loan originators have been finding it increasingly difficult to remain profitable in the face of increasing loan origination costs. Between declining loan applications, higher interest rates, and the increasing cost of compliance, an increasing number of originators are seeing a net loss on each new loan they originate. Now, Visionet Systems Inc., a global services provider to a number of industries including the US home finance business, has released a new eBook that could help.

New Visionet eBook Outlines Ways for Title Agencies to Ensure faster closings for their Lender Clients

2018-31

New Visionet eBook Outlines Ways for Title Agencies to Ensure faster closings for their Lender Clients

CRANBURY, NJ – August 30, 2018 – Title companies have been under increasing pressure to increase efficiency, while also ensuring regulatory compliance and reducing costs. Across title operations, multiple parties are involved in almost every deal. Because no title agent wants to staff up, given the volume swings that the industry is seeing today, finding capable partners is the need of the hour.

OCR Technology: An Old Tool is New Again

2018-13

OCR Technology: An Old Tool is New Again

When it comes to solid technologies that have been in use for many years, Optical Character Recognition has been around for nearly a century. Believe it or not, the first examples of OCR were in development in 1914. Of course use of OCR to translate information on paper documents into digital information that can be used in modern office automation did not enjoy significant adoption until the late 1970s. Ray Kurzweil, the famous American inventor and futurist, invented the omni-font OCR in 1974.

Harnessing the Power of Mobile Loan Origination

2018-02

Harnessing the Power of Mobile Loan Origination

Mortgage lenders across the industry are reporting high levels of stress as they struggle to maintain loan volumes in an increasingly challenging environment. Volume is down, refinances are dwindling in the face of steadily increasing interest rates and more lenders are competing for a smaller group of purchase money home loan borrowers.

Visionet Publishes Whitepaper on effective usage of Mobile in Loan Originations

2018-24

Visionet Publishes Whitepaper on effective usage of Mobile in Loan Originations

CRANBURY, NJ – July 24, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, has published a new White Paper entitled, “Why and How Lenders Can Use Mobile as a Competitive Advantage” The paper is aimed at mortgage originators working to grow their businesses in this difficult lending environment. With loan volumes falling and interest rates rising, lenders are competing for a smaller set of home loan borrowers.

Visionet Simplifies Bulk Processing for Wholesale Lenders through proven OCR approach

2018-12

Visionet Simplifies Bulk Processing for Wholesale Lenders through proven OCR approach

CRANBURY, NJ – July 11, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, has published a new White Paper entitled, “OCR for Bulk Processing in Mortgage: Realizing the Elusive ROI.” The paper is aimed at mortgage lenders and servicers that are still working to take their operations into the digital realm.

Visionet Hires Thomas Lin for Client Success Role

2018-10

Visionet Hires Thomas Lin for Client Success Role

Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that the company has hired Thomas Lin, a veteran with 25 years of experience in the mortgage industry. Lin will join in as Senior Vice President, Client Success.

Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

2018-19

Visionet announces integration of LoanVelocity with LendingQB’s Loan Origination System

Visionet Systems Inc., a global services provider to a number of industries including the US mortgage industry, announced today that its mobile based origination solution, LoanVelocity, is now integrated with LendingQB’s web-based Loan Origination System (LOS). This enables the lenders using the LendingQB LOS to actively engage borrowers on their mobile devices.