VisiRecording - Bringing Speed and Accuracy to Mortgage Recordings

Bringing Speed and Accuracy to Mortgage Recordings

Auto HUD Auto Post Close Auto Pre-close review Document validation

Visionet’s Automation Successes

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

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.

Recordings are Tedious, Paper based Process and Compliance is Critical to Underwriters and Banks

Recordings are all about operational excellence

Visionet Technology Led BPO is the New Choice

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

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.

VisiRecording Workflow

6

steps

Process that shapes how you work today

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

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

Follow-up Tasks

Rejection Handling

Fee Calculation Request and Response

HUD Fee Validation

Trailing docs, new order entry and existing orders

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

Customers

Contractor

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

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

Track Order Status

Shows checks and shipping info

Shows current status of tasks for order

For recorded orders, recording info is displayed

Escalations Respond to, or just close the issues by providing comments

Add, view or update issues

View other comments and Collaborate

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

Real-time Recording updates Shows county updates on recording of documents with effective dates

These may be fee, tax or address updates

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

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.