Members of Countrywide's CLD team have received extensive training on the NGIS
system and will provide training for lenders on using the new service.
Now, thanks to NGIS
, our correspondent network can offer this new 10-year balloon HELOC to potential borrowers.
According to the editors, "one compelling reason why NGIS
deserves this recognition is that a good portion of the largest investors within the mortgage industry have chosen NGIS
as their corporate-approved solution, offered to their sales networks as an endorsed or even required solution.
The private-labeled NGIS
solution guides correspondents through program parameters and data validations, providing ease-of-use and quality control.
Guardian's extensive experience helping large lenders manage HELOC documentation, and its flexible NGIS
solution met that criteria.
According to Chevy Chase officials, GMD's NGIS
was chosen because of the firm's proven experience in supporting leading financial institutions; the flexibility of NGIS
; and the unparalleled level of reliability delivered through its IT infrastructure.
technology is a perfect fit to build-out the backend of SharperLending's bundled solution," said Tim Anschutz, vice president of marketing, Guardian Mortgage Documents.
With Guardian's NGIS
, we're providing an easier way for our lenders to meet their homeowners' cash needs, without the need to refinance the first mortgage," said Greg Bullen, Executive Vice President of First Horizon Correspondent Services.
Additionally, Sauri identifies the XML interface between NGIS
and MortgageDashboard as a distinctive advantage because data entered or edited in one part of the system is automatically updated in every other part of the system, including documents.
According to WFHE and GMD officials, response to implementation of Phase One from correspondents included requests that conventional mortgage products be made available via NGIS
The combination of interfacing loan data and having Countrywide's customized documents, along with their business rules and edits programmed into NGIS
, reduces the overall workload and helps correspondent lenders meet purchase closing stipulations.
Lender's Alliance, powered by GMD's NGIS
functionality, enables us to extend that commitment to our valued correspondent lender network.