*Outsourcer Expands Offering*
**New Tool Emerges**
***PROGRESS in Lending has learned that Visionet, a provider of outsourcing solutions and mortgage, title and servicing software, has combined many of its product solutions to form VisiBanking Suite. This suite leverages rules engines, OCR/ICR, auto-indexing and numerous validation tools, evolving workflow, best practices, analytics and audit for a powerful tool set.
****The configurable VisiBanking Suite provides the tools to enhance performance for clients from POS through Servicing and Default. Component solutions can also be quickly deployed in Compliance, OCC Look Backs, HUD Prep, Auto Pre & Post Closing Review, Imaging and Indexing, Document Recordation, GSE Repurchase, Audit/QC, Developing & Enforcement of Risk Indicators, Default, and REO.
****Currently, the VisiBanking Suite is driving efficiency and accuracy gains of over 80%, enhancing margins, and providing a reduction of fixed expenses, the company claims. The end result has included substantial improvements in quality, reductions in both cycle times and cost, and higher customer satisfaction.
****“The Mortgage Industry needs the right tools to prepare for and adapt to a changing and demanding regulatory environment such as CFPB compliance. Automation and technology are tools that help mortgage lenders and servicers comply with all of the changing regulations in a timely fashion,” concluded Bill Welge, Principal, Visionet.