The Money Source Inc., a rapidly expanding nationwide mortgage lender and loan servicer, has launched Servicing Intelligence Managed Easily (SIME), a new Web-based servicing platform that integrates into legacy systems and dramatically changes how loans are serviced.
The new platform was designed with subservicers in mind.
“SIME [pronounced Sim-mee] consolidates layers of loan servicing, typically accessed through dated platforms, into a simple format with intuitive dashboards and reports,” explains Ali Vafai, president of The Money Source, in a release. “The enhanced field-level access has allowed us to reduce delinquencies and manage smarter and more efficiently.”
With SIME, borrowers can see everything that The Money Source servicing staff see on each loan. They can listen to recorded calls, see all notes and download documents in an instant, all over a Web browser. Custom reports can be created on the spot without any programming experience.
“As lenders, we need full transparency, along with the reassurance we are meeting all regulatory guidelines,” Vafai adds. “We are pleased to share the SIME experience with our new subservicing clients.”
The Money Source’s servicing center is ranked by Morningstar Credit Ratings. In addition, the company is Fannie Mae-, Freddie Mac- and Ginnie Mae-approved.
More information on SIME can be found at getsime.com.