ISGN’s EZEscrow platform simplifies escrow account management providing lenders a pathway to compliance with recent Reg Z requirements—all without requiring a major upfront investment and an implementation cycle that takes days not months to complete.
Effective this year, the High Price Loan amendments to “Reg Z” are mandating lenders establish escrow accounts for tax and insurance expenses associated with certain mortgage lending transactions. If you’re a lender that provides high cost mortgage loans, you must take action to maintain compliance.
With EZEscrow Compliance does not translate to complex or costly or both.
Complete Escrow Account Management Solution
EZEscrow is a comprehensive, web-based hybrid technology and service solution that automates each step in the escrow process, from importing tax and insurance data, calculating escrow account funding requirements, prompting lenders to disburse payments, and communicating to borrowers at the appropriate times throughout a loan relationship. The system is based upon a powerful platform architecture that operates as a stand-alone solution or is easily integrated with the lender’s core loan servicing platform. ISGN’s EZEscrow solution is based on escrow process intelligence developed from over two decades of servicing loans on all major servicing platforms including our own LSAMS mortgage servicing system.
Easy to use and implement – Base configurations require no Lender IT resources
As the name implies, EZEscrow simplifies Escrow account maintenance. EZEscrow’s Web-Based architecture is easily integrated with a lenders loan origination or core servicing platform to capture base loan and property data. The system’s auxiliary portals may be configured to exchange tax and insurance data with 3rd party processing platforms Alternatively, when the primary systems are not integration friendly, EZEscrow enables the lender to setup borrower, property, tax and insurance information through our Web-Interface. With just a keystrokes and mouse clicks EZEscrow will deliver full escrow functionality. Once a loan is established on the EZEscrow escrow management platform the system activates workflow ques that guide the lender through the escrow process, complete with alerts and reminders for next steps and pertinent deadlines.
Scalable to meet your requirements
As with all of ISGN’s technologies, EZEscrow was built to serve a broad spectrum of lenders. Scalability was the primary driver in developing the EZEscrow platform, so the system can easily accommodate any volume threshold.
All from an industry leader
With more than 1000 lenders and servicers as customers, ISGN is one of the largest providers of mortgage technology and services.
|