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TMS is One of the First-to-Market with eNotes, Continues Commitment to Servicing Innovation


MELVILLE, N.Y., March 19, 2019 /PRNewswire-PRWeb/ -- Forward-thinking fintech company TMS announced it recently acquired its first eNote, continuing to deliver on its commitment to digitizing the servicing process and become an early adopter of eNotes. The eNote marks the first of many for the company, as it is now approved and equipped to buy eNotes through its correspondent channel or via bulk purchases, and to act as a servicer or subservicer for mortgages using eNotes.

Fannie Mae first approved TMS to buy eNotes in late 2018. With the movement toward digitalization of the mortgage process and the growth in the number of eClosings, there is increasing demand for investors and servicers that are able to properly receive and service eNotes.

With only a handful of approved eNote subservicers in the industry, TMS's movement into the eNote space enables it to leverage its services and technology for the full spectrum of its subservicing clients' needs.

"This is another big step forward for TMS," said TMS President Ali Vafai. "We are excited to take advantage of opportunities to expand our eNote offerings and deliver state-of-the-art technology that will further advance our industry to make it more efficient, transparent, and compliant."

TMS is able to confidently maintain amazing and high-tech service that borrowers deserve well beyond the closing table through the power of its industry-leading subservicing platform SIME, Servicing Intelligence Made Easy. SIME has set a new standard for customer service and transparency in the servicing industry, providing on-demand customer data, real-time tracking of all borrower interactions and performance, end-to-end compliance, loan level detail and daily reporting to help reduce delinquent loans, and proactively service customers.

Earlier this year, TMS announced it became the first servicer to leverage the power of blockchain and received provisional approval for three patents that would introduce servicing data and records to the blockchain, creating a new level of shared data in the industry.

About SIME
SIME ? Servicing Intelligence Made Easy, disrupted the servicing industry with its bold new approach to servicing. The award-winning loan servicing platform provides full transparency into a lender's loan portfolio, offering reliable, customizable, and unheard-of oversight tools. SIME's self-service portal revolutionized the way lenders can manage, interact and engage their portfolio and is the only servicing platform to provide lenders in-depth and detailed borrower data in real time.

SIME was named a HousingWire TECH100 winner and was recognized by the Stevie Awards as a New Product or Service of the Year. The cutting-edge technology is exclusively provided by TMS (The Money Source Inc.) NMLS# 6289. For more information, visit getSIME.com.

 

SOURCE The Money Source


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