Visionet Announces Enhanced Web Services for its Uniform Closing Dataset (UCD) Solution
CRANBURY, N.J., March 24, 2017 /PRNewswire/ — Visionet Systems, a national leader in mortgage technologies, is pleased to announce the release of an enhanced web services integration layer for CD2UCD, the industry’s only complete solution for converting Closing Disclosure (CD) images to Uniform Closing Dataset XML. Visionet will be exhibiting its innovative solutions at the National Technology in Mortgage Banking Conference & Expo 2017, an event held by the Mortgage Bankers Association at the Hyatt Regency, Chicago from March 26 to 29.
CD2UCD addresses situations where the data required to produce the UCD is not available, such as CDs modified at the closing table and loans acquired through correspondent or bulk channels. The enhanced interface allows lenders, closing agents, document preparation providers and Loan Origination System (LOS) vendors to easily pass a CD document and the required GSE data fields to the CD2UCD service and receive back a fully GSE-compliant UCD. CD2UCD also fulfills single and bulk requests via secure web portal and file transfer mechanisms.
«We’ll be discussing our latest enhancements to the CD2UCD platform at MBA Tech 17, and highlighting the important industry problem it addresses,» said Norman Gottschalk, CTO at Visionet. «CD2UCD is the result of two years of investment, collaboration and learning, and we continue to invest in its development. We look forward to sharing our expertise and experience with our present and future clients and colleagues, and we encourage partnerships and integrations with all industry participants.»
Visionet’s solutions help lenders, servicers and investors stay compliant with the ever-changing regulatory environment, while staying as efficient and cost-effective as possible. CD2UCD represents a prime example of how the application of technology can significantly boost back office productivity. Instead of spending countless hours compiling and entering the information required to produce each UCD, our solution is simple and scalable, and drastically reduces the time and resources mortgage firms spend on investor delivery. Visionet is proud to be the first to bring such a game-changing product to market.
Businesses can sign up at www.cd2ucd.com for access to the Closing Disclosure to Uniform Closing Dataset tool.
About Visionet Systems
Headquartered in Cranbury, NJ, Visionet Systems, Inc. (visionetsystems.com) is a full-service technology consulting and business process outsourcing company that delivers software solutions, services, and technology-led BPO products built on a best-of-breed philosophy to help its customers increase business agility, drive down costs and reduce risk. Visionet has a decades-long track record of successful projects involving Enterprise Application Integration (EAI), omni-channel enablement, and e-commerce, and has engineered many high-performance, cost-effective solutions across a wide range of sectors including, banking, retail, insurance, distribution, and manufacturing, with a focus on delivering value and exceeding customer expectations.
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SOURCE Visionet Systems, Inc.