DS News - Bank of America

DS News June 2017

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46 SPECIAL ADVERTORIAL SECTION CELERITIFINTECH USA INC. 866.554.4CFT CeleritiFT.com LENDERS & SERVICERS OUTSOURCERS AGENTS & BROKERS ATTORNEYS SERVICE PROVIDER CORPORATE PROFILE: CeleritiFinTech, an HCL DXC Technology Company, is a banking software and services company that delivers digital software and services to global banking clients. This innovative enterprise helps banking clients globally extend investments in existing platforms and implement innovative solutions that combine people, technology, process, and services to accelerate growth. CeleritiFinTech (CFT) invests in platform modernization and product functionality enhancements to capitalize on the proven capabilities of both parent companies in addressing the multibillion dollar global banking software market. KEY PERSONNEL: » » Bart»Bailey, Product Owner » » Ted»Nurre, Sales Executive ted.nurre@celeritift.com, 214.213.7179 » » Bart»Dockery, Client Relationship Director bart.dockery@celeritift.com, 865.771.0049 KEY FEATURES/BENEFITS: End-user»categories: » Lender/servicer » Borrower » Agent/broker BUSINESS LINES, SERVICES, AND PRODUCTS: » Collections » Loss Mitigation: retention and liquidations » Workflow » Letter generation » Borrower portal » Real estate agent portal » Compliance reporting » Operations real-time reporting EarlyResolution © is an industry-leading default management solution that includes collections, loss mitigation workflow, retention, liquidations, decisioning, customer service, borrower portal (self service), and compliance. Delivered in Software-as-Service model and accessible over the web, this solution is used by approximately 45 percent of the mortgage industry, including seven of the top 20 mortgage servicers by loan volume. WHAT SETS YOU APART FROM YOUR COMPETITORS: What most sets CeleritiFinTech apart is its highly configurable solution that does not require code changes and helps servicers keep pace with regulatory changes faster than legacy or competing solutions. The company's solution drives the workload in the most efficient manner and allows for productivity gains through better utilization of staff, instantaneous file access, elimination of paper processing, and automating or eliminating most manual processes. Decisioning times on average are cut by 20 percent and underwriters see about a 30 percent improvement in the number of loans serviced. "With the right processes and technology in place, loan servicing organizations can not only comply with new regulations, but they can reduce their loss mitigation costs by as much as 20 percent. When it comes to the technology itself, the solution should be easy to use and highly configurable. Otherwise, the effort associated with adapting to regulatory changes and user demands will continue to affect the bottom line." WHAT ARE THE KEYS TO YOUR SUCCESS: "The days of creating your own special loss mitigation processes are over. Now it's all about compliance and managing costs. Sometimes a fresh set of eyes can uncover major savings through process and technology improvements. CFT has supported lenders for more than 30 years, and CFT's EarlyResolution © software is being used by the nation's largest mortgage servicers to manage millions of defaulted loans. All of these firms are highly focused on process improvement. The icing on the cake is an optimized user experience. Borrowers are stressed. Servicers are overwhelmed. The easier it is to do business, the more business you'll get. And you'll process it with less effort and lower costs." –Bart»Bailey,» Product Manager-Lending, CeleritiFinTech

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