With LoanLogics IDEA (Intelligent Data Extraction and Automation), CMC Funding has streamlined their MSR (Mortgage Servicing Rights) boarding process,
With LoanLogics IDEA (Intelligent Data Extraction and Automation), CMC Funding has streamlined their MSR (Mortgage Servicing Rights) boarding process,
2 PagesWith LoanLogics ® IDEA TM (Intelligent Data Extraction and Automation), CMC Funding has streamlined their MSR (Mortgage Servicing Rights) boarding process, allowing for a 70% cost savings, 99.9% data accuracy and significantly faster seller boarding time. The Challenge CMC Funding, a subsidiary of Capital Markets Cooperative, began 5 years ago as a servicing alternative for its Patron members. After the bottom fell out of the housing market, CMC Funding worked together with Fannie Mae and Freddie Mac to develop a unique co-issue mortgage loan servicing acquisition process. Sellers were able to commit a mortgage loan to Fannie Mae or Freddie Mac and simultaneously designate CMC Funding as their servicer. As CMC Funding’s business grew, performing over 1500 MSR acquisition
