Ace Mortgage Funding Implements Lender Support System's DocWin.POWAY, Calif. -- Lender Support Systems, Inc. (LSSI LSSI Ley de Servicios de la Sociedad de la Información (Spainisn) LSSI Lutheran Social Services of Illinois LSSI Library Systems and Services Inc. LSSI Lender Support Systems Inc. LSSI Logistics Support Systems and Integration ), a global provider of lending and loan servicing Loan servicing is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type loan and the terms negotiated between the firm and the investor seeking their services. technology solutions, announced the implementation of LSSI's mortgage document preparation technology, DocWin, by Ace Mortgage Funding, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an Indianapolis, Ind.-based independent mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. that provides wholesale and retail lending. As a company that experienced rapid national growth since 1998, Ace Mortgage Funding sought to make its origination process more efficient and better able to develop and use comprehensive and compliant loan documentation. LSSI first came to Ace Mortgage Funding's attention when the lender acquired the wholesale asset of Millennium Funding Group, which was already a user of LSSI's origination software and recommended retaining LSSI's services. DocWin, LSSI's mortgage closing software, allows Ace Mortgage Funding to process more loans in less time. The solution, customized to Ace Mortgage's specifications and preset loan parameters, walks the lender's staff through the loan process, presenting only applicable screens and documents to streamline workflow. DocWin then provides files that are ready to print or e-mail. Compliance updates are also provided as needed as needed prn. See prn order. as a download from the LSSI Web site. "We selected the system based on the recommendation of our new Millennium Funding employees, which had been using the solution since December 1993," said Robert Gregory This article is about the Irish cricketer. For the English cricketer Bob Gregory, see Bob Gregory (cricketer). William Robert Gregory (born 20 May 1881 in County Galway, Ireland; died 23 January 1918 near Grossa, Padua, Italy[1]) was an Irish cricketer and artist. , founder of Ace Mortgage Funding. "We value DocWin because it simplifies our origination process and reduces much of the compliance burden we face." "DocWin provides Ace Mortgage with a cost-effective tool that helps its staff to be more productive," said Cary Burch, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of LSSI. "The solution offers lenders a way to change the way they do business and leverage increased efficiencies into a competitive edge." About Ace Mortgage Funding, LLC Ace Mortgage Funding, LLC, a subsidiary of Ace Holding Company LLC, is a national leader in mortgage lending originating more than $3 billion in residential mortgage in more than 40 states at 25 retail offices throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . By offering customer focused, flexible lending solutions for home purchases and refinancing, Ace Mortgage Funding LLC continues to serve a rapidly expanding customer base throughout the nation. Ace is licensed in more than 45 states and originates non-conforming, government (FHA-VA), HELOC HELOC Home Equity Line Of Credit , conforming and Alt-A loans. For more information, please visit: www.acerefi.com. About Millennium Funding Group Millennium Funding Group is a national mortgage lender with more than $1 billion in annual originations offering wholesale lending solutions to mortgage brokers and the secondary mortgage market. Millennium is dedicated to serving the broker community nationwide with their specialized Non-conforming and sub-prime products. For more information, please visit: www.mfgloans.com. About LSSI Founded in 1982, Poway, Calif.-based Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a suite of eMortgage technology solutions to mortgage lenders (including but not limited to bankers, credit unions, community banks) and service providers as a platform for building more streamlined, cost effective and profitable loan origination services. The company's technology solutions include: compliance services, mortgage closing document preparation software, servicing software, document imaging, data extraction, business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in solutions and custom software solutions. For more information, visit www.lendersupport.com. |
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