1 / 27

VisiRecording - Bringing Speed and Accuracy to Mortgage Recordings

* Variable cost of labor<br>* IT BPO company that will allow you to have full visability<br>* Workflow-enabled solution for enhanced operational visibility<br>* Integrated business rules engine for business process automation<br>* Enables exception-based task queues and workload distribution<br>* On/off-site, offshore processing as appropriate<br>* Delivers 100% web services-based architecture and solution<br>* Single vendor accountability<br>* Reduced cost and risk while increasing operational efficiency<br>* Industry leading technology implementers and accelerators

VisionetSystemsInc
Download Presentation

VisiRecording - Bringing Speed and Accuracy to Mortgage Recordings

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bringing Speed and Accuracy to Mortgage Recordings

  2. Auto HUD Auto Post Close Auto Pre-close review Document validation Visionet’s Automation Successes

  3. Recordings Product Offerings • National Recordings • Walk-ins • eRecordings • One-Stop Shop • Variable Cost Model to Manual Process

  4. Yours and your clients’ expectations ... -Accelerate the process -Limit Gap exposure -Limit rejections -Stay up-to-date on local filing requirements -Maintain accuracy and integrity of filed documents -Provide complete visibility and transparency ... are increasing now more than ever before.

  5. Recordings are Tedious, Paper based Process and Compliance is Critical to Underwriters and Banks Recordings are all about operational excellence

  6. Visionet Technology Led BPO is the New Choice

  7. Technology Led Outsourcing It makes good people better, customizable workflows to map your processes, always improving audit checklists, full transparency through portal, and ability to be consistent Person A Workspace A Workspace B Company Network Person B

  8. Outsourcing Recordings Integrated workflow-based process for manual and eRecording document recordation purposes Supported documents for recordings include: Deed, assignment, Lien Release, Subordination, modification... Centralized data repository allows you to capture all documents in one system which is accessible 24/7 through a customer portal which provides full transparency on accounting and rejections.

  9. VisiRecording Workflow 6 Process that shapes how you work today steps

  10. 1 Data and images are transmitted, and physical documents are delivered to Pittsburgh facility 2 QC Review according to Evolutionary Checklist, errors are corrected, 24-hours access to your documents with tracking details available from start to finish 3 Accurate recording, mortgage taxes and service fees are calculated, check is cut, document is sent for recording 4 Reconciliation done daily or weekly for advanced county fee 5 Recording documents returned by county can either be returned to Visionet or go directly back to the client 6 Final Originals are imaged in VisiRecording and returned to the client with all applicable transmittals

  11. Let’s look at how you can streamline your recordings with VisiRecording

  12. Follow-up Tasks

  13. Rejection Handling

  14. Fee Calculation Request and Response

  15. HUD Fee Validation

  16. Trailing docs, new order entry and existing orders

  17. Customers can access ... fully customizable status reports and receive automated notifications Customers Contractor

  18. Up to minute graphical views like order status, order volumes, escalations... are available at any point in time

  19. Order information on loan, documents and issues can be searched for and viewed easily with just a few clicks

  20. Track Order Status Shows current status of tasks for order Shows checks and shipping info For recorded orders, recording info is displayed

  21. Escalations Respond to, or just close the issues by providing comments Add, view or update issues

  22. View other comments and Collaborate

  23. Let’s forget about writing status reports, and have real-time access to issue details, orders submitted to county, inbound orders, pending orders, recorded orders and rejected orders

  24. Real-time Recording updates Shows county updates on recording of documents with effective dates These may be fee, tax or address updates

  25. Visionet’s Value Proposition -Variable cost of labor -IT BPO company that will allow you to have full visability -Workflow-enabled solution for enhanced operational visibility -Integrated business rules engine for business process automation -Enables exception-based task queues and workload distribution -On/off-site, offshore processing as appropriate -Delivers 100% web services-based architecture and solution -Single vendor accountability -Reduced cost and risk while increasing operational efficiency -Industry leading technology implementers and accelerators

  26. For a personalized demo contact us today. Cedarbrook Corporate Center 4B Cedarbrook Drive Cranbury, NJ - 08512 609 409 1063 x 1116 sales@visionetsystems.com For more information, please visit Mortgage Recordings, Releases & Assignments.

More Related