CRANBURY, N.J., Oct. 21, 2016 /PRNewswire/ -- Visionet Systems, Inc., a leading provider of technology and technology enhanced BPO solutions to the real estate and mortgage industry, announced today the launch of AtClose-VMS, a comprehensive cloud based solution for Service Provider Oversight and management. AtClose-VMS is a complete suite of solutions enabling the mortgage lender to manage their portfolio of service providers. An innovative new product for Vendor and Supply Chain Management organizations, AtClose-VMS significantly reduces the costs associated with the ever increasing burden of Service Provider Oversight. The AtClose-VMS business intelligence engine seamlessly integrates with the mortgage industry's leading third party vendor management platforms to assist the lender vendor management / supply chain teams in managing and score carding vendors through state of the art dashboards.
Service Provider Oversight has become a critical component of all lenders' compliance programs. Mortgage Lenders are required to manage dozens, hundreds or (for nationwide lenders) thousands of service providers. AtClose-VMS is the first of its kind as a complete platform of integrated technology and services to significantly ease this regulatory burden. Bringing performance metrics and oversight to the forefront, the AtClose-VMS solution manages all the critical components required for service providers to remain successful with the drastically changing industry and regulatory requirements.
Regulators including the Office of the Controller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC) and the Federal Financial Institutions Examination Council (FFIEC) have significantly increased the standards and requirements for service provider oversight over the past several years. For many banks and non-banks, this means developing complex service provider oversight programs to ensure compliance with these stricter standards
"AtClose-VMS offers a single source solution to manage oversight, administration and service levels through a cloud-based set of dashboards," said Arshad Masood, CEO. The AtClose-VMS program is unique in its ability to both manage a panel of service providers and monitor adherence to service levels in real time.
The AtClose-VMS program is a combination of over ten years of Visionet vendor management solution development combined with Cloud-based technology and a team of experienced vendor and supply chain management professionals. Visionet Systems will be attending the Mortgage Bankers Association's Annual Convention & Expo in Boson, MA, please contact at email@example.com to schedule a time to review how AtClose-VMS can significantly reduce your service provider compliance burden.
AtClose-VMS will be available for bank and nonbanks starting in Q4 2016.
About Visionet Systems, Inc.
Cranbury, NJ-based – Visionet Systems, Inc. is a full-service technology, consulting and business process outsourcing (BPO) company. Visionet delivers software solutions, services, and technology-led BPO products. These products are built on the best-of-breed philosophy to help its customers by increasing business agility, drive down costs, and reduce risks. Over the years, Visionet has engineered high performing and cost-effective solutions for its customers across diverse industries including banking, retail, insurance, distribution, and manufacturing, while building deep competencies in the mortgage Industry. Visionet is focused on delivering value and exceeding customer expectations. For more information, visit online at www.visionetsystems.com
Marlo J. Bodinizzo
609.452.0700 X 1150
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SOURCE Visionet Systems, Inc.