Countrywide selects Sysdome technology.
COUNTRYWIDE FINANCIAL Countrywide Financial Corporation (NYSE: CFC) is a diversified financial marketing and service holding company engaged primarily in residential mortgage banking and related businesses. CORPORATION, Calabasas, California Calabasas is a city in Los Angeles County, California, in the western United States. As of the 2000 census, the city population was 23,123. The city was formally incorporated in 1991. , has chosen Sysdome Inc., Calabasas, to streamline its broker approval and maintenance process. Sysdome's Third Party Review (TPR TPR
1. temperature, pulse, respiration.
2. total peripheral resistance.
TPR 1 Temperature, pulse, respiration 2 Third-party reimbursement, see there 3. Total pulmonary resistance ) tool allows lenders to conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on third parties by verifying broker application information against Sysdome's database and other public and nonpublic data sources, and it then presents its findings in a simplified exception-based report.
Through Sysdome's TPR services, Countrywide receives continuous broker updates and semi-annual renewals, which save time, lower overhead and ensure that Countrywide enters into relationships with reputable applicants. Sysdome reviews the entire broker application and performs dozens of searches, including real-time state licensing verification, derogatory filings, lender sanctions, industry watchlists and Sysdome's National Fraud Protection Database (NFPD NFPD Nuclear Fuel Production Division ) for negative or fraudulent activities. Sysdome also performs any extended services that Countrywide might require in order to certify each application file.
"Countrywide has relationships with more than 30,000 mortgage brokers across the country," said Preston James, Countrywide's managing director and chief operating officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "In order to get our new originators up and running quickly, we have contracted with Sysdome to implement a faster, more consistent process to approve brokers. We have confidence that the Sysdome tool will help us manage our third-party resources and make it easier to do business with us, as well as help ensure that Countrywide works with only the most honest and highly regarded originators."