""American Home Mortgage Servicing Inc."":www.ahmsi3.com/ (AHSMI) is taking advantage of a new way to ensure compliant, efficient collaboration with its partners. The company recently announced that it would begin using ""Oracle's"":http://www.oracle.com/index.html WebCenter solution to manage business processes for all mortgage-related activities with participating third-party loan investors.[IMAGE]
Through Oracle's platform, AHSMI will gain more secure, streamlined delivery of mortgage documentation and data, while reducing costs and improving its decision-point processes. Seeking to facilitate better communication and consolidation with third-party investors, AHSMI plans to use Oracle's services to execute a public-facing online portal that gives authorized external collaborators the ability to view up-to-the-minute loan information, call center data, and supporting[COLUMN_BREAK]
content, and AHSMI hopes that the tech-based measures will lead to more informed decision making when it comes to loan modifications and mortgage investment approval.
""WebCenter's"":http://www.oracle.com/technetwork/middleware/webcenter/suite/overview/index.html?origref=http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&sqi=2&ved=0CDEQFjAA&url=http%3A%2F%2Fwww.oracle.com%2Ftechnetwork%2Fmiddleware%2Fwebcenter%2Foverview%2Findex.html&ei=KdOuTtSXA8OJsgK4xPyPCg&usg=AFQjCNHrz1LuRy3uTKy7Wc_kLm435S3HWw capabilities will help AHSMI cut its reliance on email and other online avenues when working with business partners by automating workflow for loan approvals. Additionally, Oracle's program will decrease the current timeline for the company's approval processes to reach completion by an estimated 75 percent.
Vince Holt, AHSMI's manager of application management, said of the updated tech efforts, ""To maintain our commitment to providing customers with the highest possible levels of services while creating a competitive advantage for our business, we needed to be able to share strategic and sensitive content in a safe and secure manner. With Oracle WebCenter, we have a flexible and modern user experience platform that allows us to securely, reliably and efficiently manage our portfolio of sensitive data and share it with our business partners. This not only helps ensure compliance with various government regulations, it accelerates processes and supports more informed decision making.""
Along with the WebCenter module, AHSMI will also implement Oracle's WebLogic Server, JRockit, Identity Management, SOA Suite, Database 11g, and Exadata Database Machine. The combined components from Oracle will assist AHSMI in all daily, weekly, and monthly business and loan reporting.