Visionet Launches New Services to Manage Loan Repurchase Claims

New Jersey-based ""Visionet Systems"":http://www.visionetsystems.com, a full-service mortgage consulting and business process outsourcing company, recently launched new outsourcing services to assist banks with loan buybacks.

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Currently, Visionet is aiding two of the top four U.S. banks in recovering a majority of mortgage repurchase requests from GSEs and private investors, according to a statement from the company.

Visionet is using its VisiRepurchase, VisiClaims, and VisiLoanReview solutions for technology-led outsourcing. Within the company's portfolio of services are repurchase review and defense preparation, appeal purchase analysis, forensic reviews, portfolio analysis and valuations, as well as portfolio quality assurance, quality control, and underwriting reviews.

Visionet also provides title preparation and settlement services to 50 major title companies and agencies in the United States and employs more than 1,000 outsourcing professionals around the world.

The company began handling loan quality, underwriting, and due diligence in 2004, and the platform was enhanced to perform repurchase and claims management in 2008.