Cranbury, N.J (PRWEB) October 02, 2013
Visionet is announcing the release of version 4.1 of their VisiDataBridge that allows rapid MISMO or proprietary integration among popular origination, servicing and secondary marketing platforms. This cloud based integration eases the pain and lowers the Data and Image Transfer Costs for Lenders, Servicers, and Investors. Visionet Systems is among the first Amazon Web Services (cloud) partners to be designated as a Standard Technology Partner (STP).
This latest version builds upon the successes of previous releases, including an open Service Oriented Architecture (SOA) for large-scale loan information transfers, automated data mapping among diverse systems facilitating hundreds of in/outbound loan data formats to co-exist and function concurrently.
The version 4.1 also offers a comprehensive and secure mechanism for sharing documents along with data. The cloud based technology takes scattered documents and indexes them in appropriate buckets. This feature has become a dominant offering among lenders and due diligence companies as they can interact through a portal and collaboratively work to improve the product quality. Some of the new and improved salient features in the version 4.1 consist of VisiSIL (Web Services Integration), VDB Configuration Manager, TPC (Tape Cracking), File Upload (For Indexing), Document Retrieval from Imaging Repository, and Query Builder
VisiDataBridge can operate in complex “many-to-many” or basic “many-to-one” data hub formats. The tool has saved lenders a lot of time and money as loan transfer, sale, and re-sale activities are peaking because of current market conditions. Investors deploy VisiDataBridge to quickly convert the data into their preferred format for rapid analysis. The same is true for indexed loan documents. VisiDataBridge processes data and documents and loads the converted data and document indices into the client’s secondary marketing, due diligence, or servicing systems. VisiDataBridge supports most LOS/Tape data formats, including those of two major propriety servicing systems. All of this is managed through a user-friendly portal interface. “Visionet continues to offer innovative and affordable technologies to meet the changing market needs. VisiDataBridge is another tool to help the industry execute with speed while lowering costs and making external due diligence less taxing,” said Arshad Masood, CEO of Visionet Systems.
About Visionet Systems
Cranbury, N.J.-based Visionet Systems is a full service consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. Visionet Systems helps lenders identify solutions to improve profitability through removing inefficient business processes and technologies. For more information, visit http://www.visionetsystems.com, email us at Amy.Tkaczyk(at)visionetsystems(dot)com or call 609-409-1063 x1116.