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Celebrating the Most Valuable Players in the Mortgage Industry
1. AWARD PROGRAM
THE AIRBNB EFFECT
In tight housing markets, is the app
constraining SFR supply?
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MORTGAGE TECH
We showcase innovative products that
are changing the mortgage industry.
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CELEBRATING THE MOST VALUABLE PLAYERS IN
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HOUSINGWIRE MAGAZINE
❱ SEPTEMBER 2016
HOUSINGWIREMAGAZINE❱SEPTEMBER2016
Copyright2016byHousingWire•1320GreenwayDrive,Suite870,Irving,TEX75038• 469.893.1480 • HousingWire.com•Reprintedbypermission
4. Chronos Solutions
Funding Suite and Taxdoor
Byprovidingaone-stopshopfororiginationservices,
Chronos Solutions helps lenders streamline and sim-
plify the mortgage origination process while signifi-
cantlyreducingthetime,costandriskassociatedwith
mortgage transactions.
Earlier this year, Chronos bolstered its family of
products through the strategic acquisition of Cogent
Road, which added Funding Suite and Taxdoor to its
offerings. The Funding Suite platform now serves
as the backbone for Chronos Solutions’ Origination
Source suite, providing a single platform for ordering
and tracking all of the services listed on the HUD-1.
“While Chronos Solutions is a relatively young
company, we are nimble and aggressive, and we
respond to real-time problems with real-world
solutions,” Chronos Solutions Executive Vice
President of Business Development and Marketing
Matt Slonaker said. “We pride ourselves on being
large enough to execute on behalf of our clients, but
small enough to care.”
FUNDINGSUITE
Funding Suite enhances efficiency by providing re-
al-timescoringanalysisoneverysinglecreditfileand
simultaneouslyindicatingwaystoresolvedataissues
and enhance mortgage qualification capabilities.
Funding Suite also sorts derogatory items and
tradelines by borrower and filters reports by bureau
for advanced notes not shown by other credit report-
ingcompanies.Thesystemalsohelpslendersmanage
costs by ensuring responsibility for individual and
branch charges with detailed dashboard reporting
and user rights management.
Unlike systems that provide paper credit reports,
Funding Suite is both automated and integrated.
Centrally managed and Internet-based, the Funding
Suite platform reduces the likelihood of missing crit-
ical issues that could delay processing and also helps
minimize buy-back risk.
“Because Funding Suite creates a centralized hub,
the ordering process is more efficient, and reduces
vendor touch points,” Slonaker said. “Another ad-
vantage of the single platform is the streamlining of
service requests and delivery.”
With Funding Suites’ centralized storage reposi-
tory, there is instant access to all loan-related data,
and the robust reporting engine tracks orders and ex-
penses at every level — from the enterprise through
the region, branch, team and individual loan officer.
Funding Suite significantly enhances loan pull-
through,enablinglenderstorecoverupto15%oftheir
initially declined applicants by identifying potential
rescoring opportunities. It features visual business
intelligence dashboards to keep lenders informed of
the status of all verifications, rescoring orders and
billing in real-time.
Easy-to-readgraphs,chartsandreportstrackcred-
it-relatedexpenses,facilitatingcostcontainmentand
expense management. Graphs also enable lenders to
track costs per applicant, open orders and produce
invoices instantly on demand.
TAXDOOR
Taxdoorisuniquebecauseitautomatesthetaxreturn
request and submission process, cutting days and
evenweeksofftheprocess.Italsosignificantlyreduc-
es the amount of labor required on the lenders’ part.
With Taxdoor, mortgage originators, including bro-
kers, direct lenders and their loan production person-
nel,caninitiatetheverificationprocessinstantaneous-
ly. It eliminates wondering if the applicant has taken
thefirststeptowardsgeneratingthesigned4506-Torif
the form was filled out and signed correctly.
“Chronos Solutions has experienced exponential
growthandweareblessedwithtremendouscustomer
loyalty because we listen to our customers and pro-
videthemwiththeexactsolutiontheyneed,whenand
where they need it,” Slonaker said. “Our leadership
team is obsessed with results and we’re continuously
looking for new and better ways to add value for our
customers by increasing their efficiency and enhanc-
ing their performance.”
Productname:FundingSuite
andTaxdoor
Productdescription:
FundingSuiteisanadvanced
creditmanagementsystem
withbuilt-inintelligencethat
enableslenderstopurchase
andanalyzecreditreporting
datawhileimprovingefficiency,
cuttingcostsandhelping
applicantsimprovetheir
qualifyingpower.
Taxdoorautomatesand
streamlinesthetaxtranscript
retrievalprocess,significantly
reducingturnaroundtime
andeliminatingunnecessary
errorsintheprocess.Itenables
mortgageoriginators,including
brokers,directlendersandtheir
loanproductionpersonnel,to
initiatetheverificationprocess
instantly.
Phone: 800.647.1190
Web address: chronossolutions.com
“Weprideourselvesonbeinglargeenoughtoexecuteonbehalf
ofourclients,butsmallenoughtocare.”
MORTGAGETECHNOLOGYPRODUCTSHOWCASESPONSOREDCONTENT
52 HOUSINGWIRE ❱ SEPTEMBER 2016
Copyright2016byHousingWire•1320GreenwayDrive,Suite870,Irving,TEX75038• 469.893.1480 • HousingWire.com•Reprintedbypermission
