For that the last ten years, business leaders have seen how rising loan production costs have pushed the burden of maintaining profitability onto people, processes, and margins. Today, loans cost $8,000 to produce, up from $4,200 just seven years ago. That’s why businesses continue to look for new ways to keep their margins healthy.
Cranbury, NJ, April 16, 2018 – SingleSource for the last three years was voted one of the fastest growing companies by Pittsburgh Business times. SingleSource strives to boost productivity, while growing and maintaining efficiencies to improve margins, and provide the best service-oriented business possible. These goals have lead SingleSource to partner with Visionet Systems to build and maintain their Robotic Process Automation (RPA).
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, 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.
Visionet Systems, a leading provider of technology solutions and Business Process Outsourcing services for the mortgage industry, has become a verified technology integration vendor for Freddie Mac’s Loan Closing AdvisorSM platform. Visionet’s CD2UCD solution was tested to ensure that its interface was developed in accordance with Freddie Mac’s requirements for the Uniform Closing Dataset (UCD).
Visionet Systems will be participating in the National Settlement Services Summit (NS3), taking place at the Marriott Rivercenter in San Antonio, TX from June 7 to 9, and will be exhibiting its solutions and services for the Title & Settlement industry in booth #36.
Visionet is pleased to announce the launch of VisiCapture.com, a cloud-based platform that offers data capture solution and services to automate the document governance and manages the end-to-end lifecycle and streamlines paper-intensive processes.
VisiCapture’s mortgage technology drives documents and data into business application and content management systems by automatically identifying documents, collecting and protecting data before it enters mainstream systems and application.
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.