VisiRecording - Bringing Speed and Accuracy to Mortgage Recordings

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Presentation Description

* 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

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Presentation Transcript

slide 1:

Bringing Speed and Accuracy to Mortgage Recordings

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

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

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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.

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

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Visionet Technology Led BPO is the New Choice

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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 Person B Company Network

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Outsourcing Recordings 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. Integrated workflow-based process for manual and eRecording document recordation purposes Supported documents for recordings include: Deed assignment Lien Release Subordination modification...

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VisiRecording Workflow 6 steps Process that shapes how you work today

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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

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

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Follow-up Tasks

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Rejection Handling

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Fee Calculation Request and Response

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HUD Fee Validation

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Trailing docs new order entry and existing orders

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

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

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

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

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

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View other comments and Collaborate

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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

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

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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

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

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