BSI Financial Services Launches New Mobile App for Borrowers
Proprietary Technology Offers Consumers Anytime, Anywhere Command of Their Current Home Loans
February 8, 2018 ― Irving, TX – BSI Financial Services, a mortgage-centric financial services company providing mortgage servicing and special servicing, today announced the release of a new mobile app that enables borrowers to manage their mortgage loans using tablet and mobile devices. The technology was designed and built in-house by BSI Financial software engineers.
“Offering borrowers digital access to their loan information affords them greater choice and control in managing their loan obligations,” said Gagan Sharma, president and CEO of BSI Financial. “The functionality available in our mobile application satisfies a growing demand for convenience in financial management while providing us a foundation for future innovation,” he added.
Using BSI Financial’s mobile app, borrowers can verify loan payments, view transaction history and identify future payment dates and amounts. They can also make one-time or ongoing loan payments using Automated Clearing House (ACH) functionality.
Requests for loan verification and pay-off statements can be made using the app, with the option of fax or postal mail delivery.
Borrowers in default can monitor events and milestones in the loss mitigation process and communicate with their BSI Financial representative.
“These real-time capabilities enable us to resolve loans in loss mitigation faster than traditional phone-and-mail processes,” explained Sharma.
About BSI Financial Services
Led by a seasoned team of financial industry professionals, BSI Financial provides mortgage servicing and special servicing, loan quality control, REO and asset management services, and life-of-loan performance reporting using advanced data analytics tools. Leveraging a 30-year performance track record, BSI Financial offers clients customized solutions using proprietary digital technology such as BSI ASSET360™, an advanced form of RegTech. BSI ASSET360 provides daily reporting on loan condition using exception processing that applies 600 business rules across 10,000 loan-level data elements that are updated daily. With BSI ASSET360, clients have real-time visibility into loan status and performance, affording them choice and control.
BSI Financial is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, the Federal Home Loan Banks and several private investors, and is approved as an issuer by Ginnie Mae. It is ranked 1,756 on Inc. Magazine’s list of the fastest growing private companies in the U.S.
BSI Financial’s business operations are located in Titusville, PA; Irvine, CA; and Irving, TX, where it also maintains its corporate headquarters. For more information, visit bsifinancial.com.