Visionet launches AtClose-VMS, a comprehensive Service Provider Management Solution

2017-21

Visionet launches AtClose-VMS, a comprehensive Service Provider Management Solution

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 Announces Partnership with Victorian Finance

2017-14

Visionet Systems Announces Partnership with Victorian Finance

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 Launches Closing Disclosure to Uniform Closing Dataset Conversion Solution

2017-04

Visionet Launches Closing Disclosure to Uniform Closing Dataset Conversion Solution

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.

Ally Bank chooses Visionet’s VisiLoanReview for Bulk Loan Acquisition Review

2017-08

Ally Bank chooses Visionet’s VisiLoanReview for Bulk Loan Acquisition Review

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.

What we Learned in Retail Commerce Applies to the Consumer Lending Industry

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.

Closing Disclosure to Uniform Closing Dataset – CD2UCD

  • As part of their Uniform Mortgage Data Program, or UMDP, Fannie Mae and Freddie Mac will begin requiring Closing Disclosures to be delivered in the new Uniform Closing Dataset (UCD) data format beginning in September 2017.
  • This new requirement has been mandated to enhance data quality and promote standardization.
  • Current loan origination software lacks the ability to generate UCDs from existing closing disclosures or other loan documents, requiring many mortgage firms to resort to manual re-entry or other inefficient, expensive, and labor-intensive methods.

Visionet to present Uniform Closing Dataset (UCD) Solution at MBA Technology Conference in Chicago

2017-14

Visionet to present Uniform Closing Dataset (UCD) Solution at MBA Technology Conference in Chicago

Visionet Systems, a national leader in mortgage technologies, will be exhibiting its innovative solutions at the National Technology in Mortgage Banking Conference & Expo 2017, an event held by the Mortgage Bankers Association at the Hyatt Regency, Chicago from March 26 to 29.
Visionet’s presentation, on March 28 at 2:15PM on the Side Stage in the Hub, will include a live demonstration of CD2UCD, the industry’s first solution to generate GSE-compliant Uniform Closing Dataset (UCD) XML from paper or image-based Closing Disclosures (CD).

Tales from the HMDA Trenches

I was fresh out of college and working as a Clipper programmer for a large independent mortgage banker. One of my first assignments was handling the company’s Home Mortgage Disclosure Act (HMDA) submission. The changes in the law in the early 1990s had brought our company under the coverage of HMDA. We had to scramble to get ready for our first submission of approx. 33,000 applications.

Mortgage Lending: The Latest Silver Bullets

Despite our experience to the contrary, we continue to believe in the myth of “silver bullet” technologies. These latest and greatest hardware, software, discoveries, processes or ways of thinking appear to be the solution to a wide range of problems, and we jump in with both feet. They promise to be shortcuts, cost savers and productivity enhancers which will give us an edge in the market.