Mortgage Processing Services

Visionet Systems, through its digitally powered processing services helps mortgage businesses transform their operations and scale their business effectively. As a part of mortgage processing services, Visionet truly delivers digital disruption by offering ‘an industry first’. It is one of the very few companies offering ‘zero cost technology’ as a part of its solutions. The technology products complement Visionet’s top of the line mortgage outsourcing services.

Choose Visionet’s mortgage processing services to maximize profitability and business process capacity

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Our Clients WFG National Title Insurance Company Work Done Document Management, Recordings, Title Search

Processing Support

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  • Indexing Services: Combined with white-glove validation services, our OCR-enabled document auto-indexing and splitting services ensure 99.5% accuracy and a significant reduction in processing time.
  • Loan Setup: To maximize your loan officers’ productivity, we validate and update 1003 forms in your LOS and prepare and send Initial Disclosures before your loan officers begin their workday.
  • Loan Processing and Vendor Ordering: Significantly improve the customer experience and enjoy rapid turnaround times using our cost-effective overnight services, including complete loan coordination, vendor ordering, document review, LOS reconciliations, calculations, and pre-approval DU/LP submission.
  • Broker Price Opinion Procurement and Review: Our built-in service procures broker’s price opinions for origination and other processes by contacting approved and licensed real estate agents, reviewing responses, and updating your LOS.

Underwriting Support

  • Pre-Underwriting Support: We perform complete and comprehensive reviews, income calculation, credit reconciliation, asset verification and collateral reviews before submission to your underwriters to improve their productivity.
  • Pre-Funding QC: Our innovative digital QC platform can be customized to your specifications to ensure that every analyst across the globe uses the same pre-funding QC process with built-in business rules and submits a report to your mobile or web dashboard every day.
  • Post-Close QC: Our customizable compliance platform ensures that you conform to mandatory GSE guidelines by performing sample audits of closed loans from credit, collateral, closing, and compliance perspectives. Review compliance reports anywhere, any time, on any device.
  • Fraud Review: Expand your fraud prevention footprint. Perform in-depth audits, authenticate documents, review red flags, and detect early payment defaults. Cut down on buybacks and bad loans using detailed fraud reviews that help you focus on specific customer segments in your portfolio.
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Post-Close Services

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  • Post-Close Indexing: Our combination of OCR-powered auto-indexing and document splitting services and white-glove data verification help your organization improve accuracy and turnaround times.
  • Compliance Review: Review disclosed loan estimates and closing disclosures (CD) to identify changes in circumstances. Submit loan files for compliance checks and take action on compliance failures indicated in detailed reports.
  • Trailing Docs Support: Our trailing document follow-up services help you manage document logs and status queues, resulting in fewer penalties in your secondary market operations. Email reminders, click-to-call, priority lists, customized reports, and other innovative digital technologies help you automate follow-up activities and comply to 30-day, 60-day, and 90-day rules.
  • HMDA Reporting: Automatically capture and view reports on HMDA data points according to all the latest regulations and requirements.

Secondary Market Support

  • Pre-Purchase Reviews with Auto-Indexing and Data Extraction: Perform complete pre-purchase reviews of closing packages to significantly improve accuracy and turnaround time. We use OCR technology to auto-index documents, and then perform white-glove validation to achieve up to 99.5% accuracy. Data is extracted from loan packages to calibrate with available tape.
  • Loan Boarding (Investor LOS): Significantly improve your team’s ability to capture loan-level details in the investor’s LOS. The scope of this service also include reconciliation of data with the origination AUS and CD, and submitting loans for compliance checks through Mavent, ComplianceEase, or similar services.
  • Due Diligence Support: Assess borrowers’ ability and willingness using collection comments and payment history, and analyze collateral from updated title and compliance reviews based on closing documents.
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Mortgage industryOur innovative suite of cloud-based
digital mortgage solutions

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Our Clients Ally Work Done VisiLoanReview, Processing

VisiLoanReview

A configurable document workflow management tool supported by cutting-edge OCR technology for data extraction, document indexing, and classification.

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Our Clients Linear Title and Closing Work Done End-to-end outsourcing

AtClose

Our comprehensive vendor services management system. AtClose connects lenders and servicers with third-party service providers, including title and flood insurers, settlement services vendors, appraisers, credit bureaus, and others. It streamlines and automates associated workflows to ensure deadlines are met and quality is maintained.

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Our Clients Old Republic Work Done Mortgage Recordings (electronic and paper)

VisiRecording

By combining the experience of a highly trained team of recording specialists with our proprietary recording technology, VisiRecording offers our customers advanced mortgage recording and management capabilities. Instead of allocating personnel to time-consuming manual recording, our recording specialists use cutting-edge web service architecture and both upstream and downstream system integration for high-volume processing.

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Our Clients Ever Bank Work Done Cloud Based Tool for Mortgage Payoff

VisiPayOff

VisiPayOff is a CFPB-compliant, rules-based application for automatically generating and processing loan payoffs on demand. It integrates easily with major loan servicing systems, enables real-time access to servicing data, and maintains a complete audit trail for each payoff request. Payoff statements can be requested from multiple sources, and it is also possible to grant access to external business partners.

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Our Clients LenderLive Work Done Document Data Extraction

VisiCapture

VisiCapture is an industry-leading auto-indexing and data extraction tool that thousands of users rely on to process millions of documents quickly and reliably every month. It automatically indexes the content of scanned documents in a predefined order, eliminating the need for tedious and time-consuming manual entry. With support for high volume batch processing and API integration, VisiCapture is perfect for validating and processing large amounts of data with minimal effort.

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