Subservicer Converts To McDonald Platform

Posted by Orb Staff on December 29, 2008 No Comments
Categories : Mortgage Servicing

McDonald Computer Corp., a provider of automated servicing technology, has been selected by Raleigh, N.C.-based Ofori Lender Services (OLS) to provide its Web-based loan servicing system, Web/T.I.M.E.

Full conversion is scheduled for January 2009, and OLS will service all of its loans through the new system. Company officials cite cost savings on technology expenses as one of the primary reasons for the move.

"By greatly reducing our cost on technology and management portfolios, we will become a more competitive subservicer," says Karen Heller, servicing manager with OLS. "We carefully considered our alternatives and decided McDonald Computer Corp. offered the best value for the service and support they provide."

Web/T.I.M.E is offered in a service bureau environment, and OLS users will have access to screens that are organized to perform cash processing, escrow disbursements, default servicing, investor reporting, customer service, escrow analysis, year-end reporting, inquiry and file maintenance.

SOURCE: McDonald Computer Corp.

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