WinStar Mortgage Partners Renews with Lender Support Systems.Continues with easy-to-use loan document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. system 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 eMortgage-enabled 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 that WinStar Mortgage Partners has renewed their annual software agreement and will continue using LSSI's DocWin loan-document creation software. WinStar Mortgage Partners, based in Plymouth Minn., has been an LSSI customer for three years. The wholesale mortgage lender uses DocWin during the processing of approximately 500 loans they close each month. "DocWin is well supported by LSSI and integrates easily with our other five systems," said Mike Horihan, senior vice president of secondary marketing for WinStar. "LSSI's demonstrated customer service and rapid response times are critical to our ability to serve our customers." DocWin helps streamline the loan-closing process for mortgage lenders through a simplified, easy-to-use interface that performs accurate APR APR See: Annual Percentage Rate , payment, impound impound v. 1) to collect funds, in addition to installment payments, from a person who owes a debt secured by property, and place them in a special account to pay property taxes and insurance when due. analysis and high-cost calculations. Seamless data import capabilities allow the solution to work behind the loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. system (LOS) for complete automation, only presenting applicable screens for more efficient document management. DocWin offers fully compliant mortgage disclosures for all 50 states, including the Virgin Islands. Automatic data validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. streamlines the process for consistently accurate mortgage documents and improves processing productivity. For the protection of the borrower, the software is built with 128-bit encryption and compliance updates to cater to the changes within the industry. "LSSI works closely with our customer base, such as WinStar Mortgage Partners, to deliver compliant, speedy, and precise document preparation solutions that interface easily with many LOS systems," 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. About WinStar Mortgage Partners WinStar Mortgage Partners, Inc. began as the secondary marketing division of Summit Mortgage Corp., a retail mortgage company founded in 1992. WinStar offered "partnerships" to select mortgage lenders in 1999. The growth led to the formation of WinStar Mortgage Partners as a separate company. Today, WinStar Mortgage Partners, Inc. is a privately owned and capitalized wholesale mortgage lender that specializes in A and Alt-A loan products. The company consists of more than 2,000 mortgage broker-partners, is licensed in 42 states and has production offices across the nation. For more information, visit www.winstarpartners.com. About LSSI Founded in 1982, Lender Support Systems, Inc. (LSSI), led by mortgage industry veterans, provides a superior suite of eMortgage enabled 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 offers a full suite of technology solutions including: 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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