“The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency.
The second is that automation applied to an inefficient operation will magnify the inefficiency.”
MBS can fix your efficiency and bring Technology Solutions to enhance your work-flow.
MBS can help with every aspect of a company's Technology Infrastructure including:
Existing System Assessment
Selection of new System - ROI
Accounting System Conversions - AMB, Loan Vision or QB
LOS Negotiation and Deployment - Encompass Admin
Comprehensive Project Management
Regulatory Vendor Management
Conversions & Integration
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Every mortgage company Chief Information Officer must understand the CFPB oversight requirements for data management and system security and technology vendor management.
The CFPB is part of the FFIEC or Federal Financial Institution Examination Council along with the OCC and the FDIC to establish standards for the examination of covered entities.
The FFIEC Information Technology Examination Procedures Appendix A is applicable to the LOS of a mortgage company and provides guidance and examination procedures to assist examiners in evaluating the risk management processes to establish, manage, and monitor outsourcing relationships.
MBS can help the IT managers of mortgage banks understand how to prepare them for an examination