Precision LM 3.0: The best technology to meet agency reporting requirements

By Bishal Thapa

Precision LM 3.0

Government-sponsored enterprises (GSEs) like Fannie Mae have been providing liquidity and stability to the multifamily mortgage market for more than 30 years.

The Delegated Underwriting and Servicing (DUS) network plays a critical role in the execution of Fannie Mae’s multifamily business – DUS lenders adhere to intense credit and underwriting standards as mandated by the agency. To ensure they meet ongoing reporting and compliance requirements like these, lenders must use technology that is sound, automated, and efficient.

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Construction lending and servicing: What’s the right technology?

By Bishal Thapa

Effectively managing the complexities of construction loans can be challenging for lenders and servicers. Whether you are tracking all sources and uses of funds, reconciling your budgets, managing inspections, or reporting on the project, a real-time, automated technology solution is critical for success. Continue reading

Out-of-date methods and manual processes are slowing you down

By Dianna Tokic Farkas

If it’s not broken, why fix it? Without even realizing it, many of us waste time during the workday. Out-of-date methods and manual processes tie up time, efforts, and budgets. Many tasks could be easily automated and further optimized. Yet, you are stuck in inefficiency because you may not be aware of the options available. Ask yourself, “Is there a better, easier, more efficient way for me to handle the different areas in my finance department? What if my needs were offered by one provider and one single point of contact?”

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Precision LM simplifies loan management for real estate professionals

By Errol Winter

More than 3,000 real estate professionals from more than 50 companies attended the 2017 MBA CREF/Multifamily Housing Convention and Expo in San Diego. The annual conference is a popular forum where industry leaders network, discuss deals, and learn about the latest industry trends. Panel discussions covered current marketplace developments and exhibitors showcased a variety of products and services specific to the real estate and mortgage industries.

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High energy and high demand for loan management at LendIt USA 2017

By: Errol Winter

This year’s LendIt USA conference hosted about 6,000 financial professionals in New York City at the Jacob Javits Center on March 6th and 7th. The 2-day annual conference is well known among industry leaders who participate in online marketplace lending. LendIt hosts the largest series of conferences that provide a great opportunity for the online lending community to meet in person and connect in central locations across the US, Europe, and China.

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Shadow Loan Servicing Optimization

By: Marcus Jones

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The recent SS&C Precision LM webinar discussed keeping operations efficient during times of regulatory change. One major focus was using shadow loan servicing as an added layer of control to ensure you receive complete and accurate payment information from third-party servicers. Having an independent set of checks and balances mitigates economic risk and provides great value to any size portfolio.
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Seamless Electronic Document Processing and Workflow

By: Dennis Moore

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The number and types of documents you are required to collect throughout the year is growing, as is the complexity of requests to deliver the information to internal and external parties in specific formats. Many firms still report that their processes are largely manual. It takes a lot of time and resources to manually manage emails and paper, re-enter and transform data into required formats for upload/reporting purposes, and manage slow approval processes. Continue reading