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.

Is Your Accounting Software the Best fit for Today’s Business?

Businesses need more record of financial data as they grow. For (SMBs) it’s even harder to keep track of everything. The days of manual calculations and checking off payments with a pen in the general ledger book are gone. Modern business is about saving time and reducing common data errors and so comes the need for inventory management, bookkeeping etc.

Visionet launches automated pay-off request processing system

2015-12

Visionet launches automated pay-off request processing system

Visionet Systems, Inc., a leading provider of technology-led Business Process Outsourcing services, announced the launch of VisiPayOff, a payoff requests processing system that facilitates automated creation of pay-off statements, ensures compliance with CFPB rules and mortgage servicing standards.

Visionet Launches a Cloud-based Automated Mortgage Document Management System

2014-09

Visionet Launches a Cloud-based Automated Mortgage Document Management System

VisiCapture enables mortgage lenders, servicers and settlement companies to streamline the entire paper-intensive process. It offers an end-to-end, integrated document and data capture solution and services to automate document governance to manage the documentation lifecycle.

Visionet Joins Dynamics AX User Group as a Premier Member

2014-07

Visionet Joins Dynamics AX User Group as a Premier Member

Visionet Systems, Inc. announced its partnership with the prestigious Dynamics AX User Group (AXUG) as a Premier Partner member.
AXUG is an independent group of Microsoft Dynamics AX software users, partners, industry experts and representatives of Microsoft Corporation. It is recognized by Microsoft as the official user group for its Dynamics AX business software. Visionet’s participation in AXUG demonstrates its commitment to the Microsoft Dynamics AX community and provides the organization with new ways to share its expertise.

Visionet launches a cloud-based automated mortgage document indexing and data extraction service

2014-14

Visionet launches a cloud-based automated mortgage document indexing and data extraction service

Visionet Systems, Inc., is among the first Amazon Web Services partners to gain public designation as a Standard Technology Partner, today announced the public launch of VisiOCR – a cloud-based automated mortgage document indexing and data extraction service for lenders, servicers, settlement companies and investors.