CRANBURY, NJ – April 13, 2018 – Visionet Systems Inc., a global services provider to a number of industries including the US home finance business, announced today the release of a new mobile app for loan origination called LoanVelocity. The tool allows any lender to extend its loan origination efforts into the mobile space affordably.
Underwriting consumes a lot of time and cost for the lender. If the underwriting process gets streamlined, then as a lender, you know that you are freeing up the time of your specialist underwriters, helping them process more loans each day. This can have a direct impact on your costs and profitability.
As the landscape of borrowers’ profile changes where millennials are becoming prominent in the home buying process, lenders must differentiate themselves on quality, speed, and innovation to match the expectations of this generation of home buyers. Lenders that fail to do so will be quickly left behind. Statistics show that 99% of millennials are going online to search for homes and 58% of them found a home online.
Visionet Systems Inc., a leading automated document classification, indexing and data extraction provider for the mortgage industry, is pleased to announce it has completed an integration with loan origination system (LOS) provider LendingQB. The integration enhances operational efficiency by seamlessly automating document management within the mortgage lending workflow.
Visionet Systems, Inc., a leading provider of technology and technology enhanced BPO solutions to the real estate and mortgage industry, announced today the launch of AtClose-VMS, a comprehensive cloud based solution for Service Provider Oversight and management. AtClose-VMS is a complete suite of solutions enabling the mortgage lender to manage their portfolio of service providers. An innovative new product for Vendor and Supply Chain Management organizations, AtClose-VMS significantly reduces the costs associated with the ever increasing burden of Service Provider Oversight.
Visionet Systems Inc., a leading automated document classification, indexing and data extraction provider for the mortgage industry, is pleased to announce it has entered a strategic relationship with Victorian Finance, LLC. With the initial integration, Visionet is automating the extraction of critical information from Victorian’s investors’ purchase advices and feeding that information back into Victorian’s Loan Origination System (LOS).
Visionet Systems, Inc., a leading provider of technology and technology-led BPO solutions to the real estate and mortgage industry, announced today that their CD-to-UCD conversion solution is now in full production. Visionet’s solution is the industry’s first complete end to end solution designed to ensure compliance with the Fannie Mae (FNMA) and Freddie Mac (FHLMC) Uniform Closing Dataset (UCD) initiative.
Visionet Systems, a leading provider of mortgage technology solutions and technology-led BPO services, is pleased to announce the successful launch of its VisiLoanReview (VLR) solution at Ally Bank. This platform will help Ally Bank drive efficiency and accuracy, shorten review time, and control operating costs, resulting in lower loan acquisition costs, a higher degree of confidence in trade data, and better decision making and execution.
For modern-day loan package processing, manual document management just doesn’t cut it.
A Three-Pronged Recipe for Digital Success in Mortgage Lending
The banking world has seen the emergence of numerous FinTech companies, each trying to either partner with, play alongside or acquire market share from traditional banks. The most potentially disruptive FinTechs provide direct-to-consumer, value-added services that leverage mobility and a streamlined digital experience. They offer a more intuitive and transparent loan origination process to consumers, while leveraging old-line banks as wholesale sources of funds.