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| Security |
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If sensitive data falls into the wrong hands, it can lead
to fraud or identity theft. Safeguarding sensitive data is just plain
good business. Are you taking the necessary steps to protect your
personal information? |
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| The Springwater Capital Origination System© uses authentication and
encryption methods to control unauthorized access to electronically maintained
documents. This helps to: |
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Secure information without the risk of lost or mishandled paper files.
Secure delivery and management of documents.
Create faster closings. |
| Our system is a single platform solution that provides access to secure, electronic
delivery of up-front disclosures and application documents, as well as service
order requests to third party professionals. The system creates secure, manageable,
archivable, retrievable and transferable documents within the industry. |
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| Collaboration |
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Our systems utilize a secure, collaborative exchange of documents at
key milestones in the loan process, including delivery and review
of disclosure documents as well as multi-entity review of documents
prior to closing. |
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| Storage |
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In Springwater Capital's processing model, working loan documents are
either electronically originated or paper-based, and are
indexed for efficient retrieval by originators and processors.
Documents are stored in a way that maintains the integrity and authenticity
of the document. |
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| Efficiency |
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Automation removes human error and greatly increases
efficiency. Typical loan transactions require six weeks to complete.
Springwater Capital's systems have allowed that time to be reduced
by 300%, turning our loan process into a quick two weeks. We can
take an application, search for the right programs, and lock
a loan all in about 10 minutes. Automation increases security,
and greatly reduces close times. Our system simplifies all the
loan processes to provide real-time, electronic solutions to produce
the ultimate in efficiency. |
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| Manual, paper-based loan processing is the largest remaining
source of excessive cost in mortgage loan origination. By integrating document
imaging and content management systems with loan origination systems, Springwater
Capital can synchronize loan document processing to reduce the overall cost
and time while improving customer satisfaction. |
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| Once our clients agree to the loan, Springwater Capital
streamlines the process of gathering personal and financial information.
By connecting back-end credit processing with front-line accountability,
Springwater Capital promotes quick turnaround times on loan decisions.
By pre-populating client information, enabling automatic decisioning
and routing tasks to the right people, Springwater's system facilitates
the efficiency and accuracy of the loan application process. No time
wasted. Everything gained. |
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| Client documents are located in a secure site repository
for easy access. Our systems automatically route documents for review
and approval based on internal business rules. As a result, our client's
files are streamlined through the underwriting process improving
post-close and audit review processes, ultimately improving loan
processing turn times. |
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| Communication |
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"What we have here is a failure to communicate." Cool
Hand Luke. Dir. Stuart Rosenberg. Warner Brothers, 1967. Good
communication makes life easy. Because of the effectiveness of
our systems, communication among all the interested parties in
a transaction is mostly automatic. Our clients and our professional
relationships (Realtors, builders, etc.) can log into the system
at any time, day or night, and see the status of a loan in
progress. This gives everyone the ability to hold our feet to
the fire! Those involved in the transaction will always know
what's being done and can call us to task if we aren't doing
what is expected! |
