Visionet Systems, Inc. is a leading digital technology solutions provider for the BFSI industry. With a unique combination of technology, digital operations and proprietary mortgage technology products, we deliver industry leading solutions to global BFSI clients.
Importance of Accurate & On-Time Title Searches in the Secondary Market
As we all know, the secondary market is where the home loans and servicing portfolios are bought and sold between lenders, banks, and investors. Lenders sell a large percentage of newly originated loans into the secondary market, where they are packaged into MBS’s (Mortgage-backed securities) and sold to investors like pension funds, insurance companies, and hedge funds, etc. Read more (https://bfsi.visionet.com/blog/importance-accurate-on-time-title-searches-secondary-market/)
25 Nov 2020
Exploring Cost-saving Opportunities for Mortgage Servicers
Mortgage servicing has faced some unique challenges over the years mainly because its processes are dictated by state statute as well as federal rules or standards. To scale up and ensure compliance with all the stipulated rules and regulations, many servicers are choosing to adopt uniform procedures across all states. But several servicers lack complete clarity and the understanding of how it impacts the bottom line and timelines. Read more (https://bfsi.visionet.com/blog/exploring-cost-saving-opportunities-for-mortgage-servicers/)
19 Nov 2020
Refinancing Volumes – Are Title Agents Ready to Manage Volume Fluctuations?
Ellie Mae’s Origination Insight Report (https://static.elliemae.com/pdf/origination-insight-reports/EM_OIR_OCTOBER2019.pdf) stated that the percentage of refinances accounted for 51 percent of closed loans in the month of October 2019, which is the highest percentage of refinances since March 2015. This trend confirms that homeowners are taking advantage of the lower interest rates to reduce their monthly payments on their mortgage. Read more (https://bfsi.visionet.com/blog/refinancing-volumes-are-title-agents-ready-to-manage-volume-fluctuations/)
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