Countrywide, Americas’s Wholesale Lender, a national leader in housing finance, has chosen Sysdome, Inc., an Internet-based high-speed technology provider for the mortgage industry, in order to expedite the approval process and its corridor maintenance. Sysdome the Third Party Review (TPR) tool allows lenders to more effectively and efficiently conduct due diligence regarding third parties. Specifically, it verifies application information broker Sysdome against the database and other public and private data sources and reports its findings in a simplification of emergency based on the report.
“In americas’s # 1 wholesale lender, the country has relations with more than 30000 mortgage brokers throughout the country,” said James Preston, managing director and chief operating officer of Countrywide, americas’s Wholesale lender. “To get our new authors are up and running quickly, we have contracted with Sysdome to implement a faster, more consistent process to approve brokers. We are confident that the Sysdome tool will help us to manage our resources and facilitate third the doing business with us, as well as help ensure that the country only works with most honest and highly regarded authors. ”
Sysdome the Third Party Review Program streamlines the mortgage broker approval process. Through the TPR Sysdome services, the country receives continuous updates corridor, as well as semi-annual renewals, which saves time, reduced overheads and ensure that the country enters into relationships with applicants renowned . Sysdome reviews the entire corridor implementation and carries out dozens of searches, including real-time status of verification of licenses, abusive presentations, lender sanctions, industry watchlists and Sysdome National Fraud Protection Database (NFPD ) Or negative for fraudulent activities. In addition, performs any Sysdome expanded services that could require the country to certify each application file.
“Sysdome provides Countrywide with powerful technology that is cost-effective and efficient, resulting in a simplified approval process,” said Kevin Cooper, chairman of Sysdome. “As brokers and other third authors represent an increasingly vital channel, lenders require tools that enable them to authenticate the information and analyze the background, without which further complicates the process. We are pleased to enable the country to improve their processes and service of the Third Party Originator channel. ”
Mortgage lenders and investors are increasingly carrying out the importance of quality control management in both the buying and selling of industry sectors. In response to this growing need for security, Sysdome fraud prevention solutions continue to identify and reduce the overall risk of fraud in the mortgage industry, as well as to provide comprehensive solutions for both individual and large pool assessments.
About Countrywide
Founded in 1969, Countrywide Financial Corporation (NYSE: CFC) is a member of the S & P 500, Fortune 500 and Forbes 500. Countrywide, through its subsidiaries, provides mortgage banking and diversified financial services in domestic and international markets. Mortgage Banking include loan production and services primarily through Countrywide Home Loans, Inc., which originates, buys, securitization, venda, and services primarily prime-quality loans. The company is headquartered in Calabasas, California and has more than 30000 employees with over 600 offices. For more information about the company, visit the website of the country in www.countrywide.com.
About Sysdome
Calabasas, California-based Sysdome Inc. is an Internet-based high-speed technology service that prevents fraudulent loss, reduces risk, streamlines loan processes, and consolidates vendor relationships for mortgage lenders. Founded in 1998, Sysdome supports more than 500 mortgage lenders throughout the United States with its decision support solutions including electronic Loan Review (ELR), Third Party Review (TPR) Management Program, Fraudguard.com, PredatorX / E, Fraud Seminars and education services, asset searches, Directorate of Audit Services and Pre-full funding of audits screening. For more information about Sysdome, visit www.sysdome.com.