SUBSIDIARIES: PipeFire assists lenders in analyzing the decision to internalize settlement services management and provides the processes necessary to launch management subsidiaries through joint ventures. PipeFire will develop and implement a solution based on your organization’s requirements.
PROFIT POTENTIAL: Industry trends for national lending institutions are being driven by the recent realization that tremendous efficiencies and cost savings are possible by outsourcing with vendor management companies. In making a move to outsource vendor management, lenders not only achieve reduced overhead expenses but can also internalize the significant profit potential of captive vendor management. Tremendous value is present in settlement service processing, in addition to the intrinsic value of a large, up-to-date vendor resource.
LENDER CONTROL: Loss of direct vendor consultation and the implications of becoming dependent on an exclusive source for vendor functions are the most common lender concerns. PipeFire realizes that dynamic conversation is essential to understand the valuation process and allows your organization to customize communication between the lender representative and the vendor from fully open to fully closed conversations, plus maintains a log for transaction review. Also, by internalizing the vendor management process, the lender eliminates the concern that their single vendor may go out of business while maintaining a level of operational control.
QUALITY MANAGEMENT: A vendor management subsidiary will provide a more consistent, reliable product which is key for planning and limiting liability. Our quality review department acts as a final product evaluation from our already pre-approved vendor base. Actively managed settlement services are now a necessity in achieving the best ratings and smallest levels of subordination on mortgage-backed securities.
PARTNERSHIP BENEFITS
- Outstanding assistance from development to implementation
- Settlement services tailored to your company
- Increase efficiency
- Reduce overhead expenses
- Improve communication
- Consistent, reliable end product
