The suite is a collection of modular, white-labeled tools including iOS and Android apps, a portal, and an omnichannel communications platform. Visionet said the suite is targeted toward companies that use legacy platforms and cannot rapidly migrate to newer originations systems, allowing them to offer a digital experience without investing millions to reengineer old platforms.
Companies can use the tools to simplify the capture of borrower information, pre-qualification checks, and loan document collection. With the suite, borrowers are also notified of additional requirements and informed about the real-time status of their applications.
The tools also allow companies to receive real-time reports and performance metrics related to various origination processes. Visionet said it offers these tools along with business and technology services such as consulting, customization, installation, and maintenance.
"We are excited to introduce lenders and title firms to our suite of origination accelerators," Visionet Systems CEO Arshad Masood said. "These digital assets reduce processing time for mortgage documents that don't need to be wet-signed, and are a great way for mortgage companies to improve pull-through rates, reduce cycle time, and enhance operating margins."
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Visionet Systems has launched a suite of digital mortgage origination tools that aim to expedite the mortgage closing cycles of the company’s clients.