Relief for Rising Compliance, Servicing and Default Processing Costs

Mortgage Servicers asked to do more with less look to OCIE® to save time and money

 
OCIE Mortgage Servicing Solutions

As new mortgage servicing standards continue to be mandated by the CFPB and the direct cost of loan servicing rises, mortgage servicers are faced with doing more with less. Efforts toward better quality control, process efficiencies, improved borrower communication and regulatory compliance have caused servicers to implement new policy and procedures and enhance internally-developed and vendor-managed systems. Accurate record keeping and document retention is more important than ever; especially in the area of servicing and loan ownership transfers, disclosures, statements, and borrower communications. Implementing OCIE smart technology within your organization will help you meet the demands of these new policies, reduce heavy workloads, alleviate the regulatory compliance squeeze and cut costs.

OCIE is a technology platform that provides mortgage servicers with a complete and centralized audit trail of all servicer, borrower and vendor interactions and records. The OCIE system promotes better quality control and process efficiencies by providing a scalable, robust system that maintains accurate record-keeping from any source of information – internal or external. OCIE helps demonstrate to CFPB examiners a clear audit trail of what happened, when it happened and why it happened. OCIE is flexible and easily adapts to rule changes and compliance mandates. When necessary, OCIE ensures that your business has all of the information it needs for transfer, audit or litigation purposes in one quick, convenient and secure location.

OCIE has a long history of satisfying many of the information management needs of mortgage banking professionals and is often referred to as the “gold standard” in the area of MSP report archive. System generated reports from your MSP system and other vendors contain valuable information and with OCIE, users can extract data from these reports to automatically populate spreadsheets, databases or feed a corporate data warehouse. Since 1989, mortgage servicers have used OCIE to access information quickly, avoid running expensive CPU data queries, maintain a legal and auditable archive, automate manually processes and resolves issues in a more timely manner.

OCIE Solutions & Services for the Mortgage Servicing Industry:

Regulatory Compliance and Audit Trail
CFPB Regulatory Compliance and Audit TrailUse OCIE to meet the demands of regulatory compliance requirement by providing your organization with a complete and centralized audit trail of all servicer, borrower and vendor interactions and records. OCIE easily manages the retention of information according to pre-defined rules and reduces costs associated with auditing.

Automated Data Extraction Services
Automated Data Extraction ServicesOCIE provides users with the ability to automatically extract vital data elements from reports; even multi-line, complicated MSP reports, in a format that can be used to populate spreadsheets, databases or data warehouses. Generate output in various file types, such as delimited text, CSV and Excel. Reduce dependency on other costly extraction tools and data feed sources.

Enhanced Information Processing Services
Enhanced Information Processing ServicesOCIE offers a number of robust report processing services to expedite access to information. Use OCIE to electronically burst reports into individual, secure reports based on specific report values. Isolate and retrieve reports/documents or sections of a report based on specific individual or department requirements.

Legacy Decommission & Support Services
Legacy Decommission & Support Services, Migration, ConversionOCIE helps customers across the United States cost effectively migrate to new technologies while extending the lifecycle of their legacy system. OCIE provides support for legacy systems before, during and after a decommission.

Loan Data Migration Support
Loan Data Migration SupportData migration is almost half the effort in any new application project. Whether you’re implementing an entirely new enterprise application or consolidating, upgrading, or modernizing an existing one, a strong focus on data migration is essential to your overall project success. OCIE reduces time and effort considerably by automating migration processes and data validation.

MSP Information Archive
MSP Information Archive, LPS MSP Report AlternativeOCIE provides users with the ability to automatically extract vital data elements from reports; even multi-line, complicated MSP reports, in a format that can be used to populate spreadsheets, databases or data warehouses. Generate output in various file types, such as delimited text, CSV and Excel. Reduce dependency on other costly extraction tools and data feed sources.

DataStore Solution
DataStore Solution, Data Extraction StorageOCIE’s DataStore solution holds extracts from reports and other sources over time. Data is stored in SQL tables and enables users to perform queries using their own report writes and/or BI tools.

Document Management & Workflow
Document Management and Workflow, meta-data, auto-indexingOCIE provides clients with a comprehensive document management system with extensive meta-data and auto-indexing capabilities. Use OCIE to consolidate your organization’s vital documents and make it easier to find information in a timely manner. Using OCIE to electronically route documents through a work process eliminates redundancy and paper.

Custom Application Development
Custom Application DevelopmentOCIE developers can and have developed customized solutions for customers to meet specific needs of their organizations. Having experience to develop projects in multiple industries, enables our staff to efficiently develop the perfect solution. Our experience across industry markets is a strength, helping us to add value to your existing process improvement ideas.

READ ABOUT OUR MORTGAGE SERVICES

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Have Questions? Call Us at 800-232-3776

Donnell Systems Inc./OCIE HIPAA Compliance

Donnell Systems Inc./OCIE SOC Compliance