Hyland Software Inc., developer of the OnBase enterprise content management (ECM) software suite, has formed a partnership with Ocwen Financial Solutions, a business process outsourcing provider to the financial services industry.
Under the terms of the agreement, Ocwen Financial will recommend Hyland's OnBase system to its broker customers as a complementary product to its REALSynergy loan servicing platform. By integrating document management into servicing, lenders are able to cut costs, reduce paper usage and file-storage needs, and condense the post-close review process into a matter of minutes, the companies note.
REALSynergy offers its users a an automated, full-feature platform for servicing commercial and multifamily loans. Users can work with any loan structure to monitor multiple investors, borrowers and properties for each loan.
Source: Hyland Software