Solution Enables Servicers to Automate County Recordings
Visionet Systems VisiRelease solution processes approximately twenty percent of all residential mortgage releases in the US. It is a workflow and rules based solution designed for large and mid-size servicers. Visionet continues to respond to the cost pressures on mortgage servicers by automating as many mortgage processes as possible. VisiRelease has set the productivity benchmark for the banks to process 10,000 releases a month with 10 employees including paper based lien releases. This has resulted in in-sourcing of lien release functions at the most of Visionet’s clients. “We hope that the addition of electronic recording capability will further improve upon the 10/10 benchmark as more counties adapt new technologies,” said Arshad Masood, president of Visionet Systems
About Visionet Systems
Cranbury, N.J.-based Visionet Systems is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Using a combination of consulting, metrics-based technology solutions and business process outsourcing, Visionet Systems helps lenders identify and remove inefficient processes to improve profitability. Founded in 1995, the company’s customers include mortgage lenders and servicers. For more information, visit www.visionetsystems.com.