News & Events

April 2, 2021 – Visionet Systems Inc., a business technology solutions and services provider, launched a new product division and website of its flagship title, settlement & closing solution AtClose. AtClose is a cloud-based platform for lenders, closing agents, and service providers to facilitate title, appraisal, and settlement processing. Visit the new website for AtClose to learn more: www.atclose.com.AtClose is a US-based technology company that has built its product to be the smartest solution for the ever-evolving real estate industry. It automates title, appraisal, settlement processes, and more. Designed as a one-stop-shop, it simplifies complicated operations with automated workflows. It also includes a robust vendor management tool and qualified direct integrations with principal lenders and vendors in both the pre- and post-closing ecosystems.AtClose is carefully engineered to be highly scalable and secure. Hosted on the cloud, it delivers advanced analytics capabilities to effectively handle one million transactions per month.The new website’s easy-to-navigate user interface allows visitors to learn about its integrations, vendor partnerships, licensing, and pricing options. It details how AtClose’s robust and comprehensive capabilities help the real estate industry save time and money by increasing accuracy, reducing repetition, and improving vendor relations. With seamless access to client success stories, potential AtClose users can see how an AtClose implementation can help them overcome the challenges of title document preparation, disparate IT environments, vendor management, and more.“It is an exciting time to launch a new generation of products that are modern and scalable for the mortgage industry,” said Ashish Kumar, Executive VP at AtClose.AtClose is a wholly owned subsidiary of Visionet Systems – a veteran in digital technology solutions and services with over 25 years of expertise and hundreds of years of combined industry experience. With a strong understanding of clients’ needs for customized solutions in this highly competitive lending business landscape, Visionet has developed AtClose as a comprehensive cloud-based settlement services platform that helps clients increase ROI and business efficiency while reducing risk and cost.About VisionetVisionet Systems, Inc. is a US-based provider of technology solutions and services to a wide array of industry verticals. Having developed strategic growth partnerships with prominent global banking and financial institutions, Visionet’s team of industry specialists combines deep business intelligence with technology expertise to catalyze growth and deliver results. For more information, please visit www.visionet.com.

Cranbury, NJ – November 27, 2018 – Visionet Systems, Inc., a global technology service provider to several industries including the US Mortgage, Title, and related industries, announced today that it has completed the integration of its AtClose platform with Old Republic Title’s ezJacket and Closing Protection Letter (CPL) software applications. This integration enables Old Republic Title’s agents to seamlessly produce closing protection letters and policy jackets without having to leave the AtClose system.“A Title software should improve the ability to work with key business partners seamlessly, which is why AtClose is committed to delivering the superior integrations with leading business partners,” said Arshad Masood, CEO of Visionet. “This integration confirms Visionet’s commitment to provide efficiency and reduce manual effort. AtClose takes pride in delivering the industry’s best business solutions to its customers and for being the most innovative solution for Title and Settlement companies. “About Old Republic TitleHeadquartered in Tampa, FL, the Old Republic Title Insurance Group, Inc. (ORTIG) is comprised of a multitude of title and related services companies. Its underwriters are Old Republic National Title Insurance Company, formed in 1907, and American Guaranty Title Insurance Company, dating back to 1896. Since 1992, no other title insurer has had higher overall financial-strength ratings than the ORTIG.The ORTIG (known widely as Old Republic Title) offers a full complement of title insurance underwriting and related services such as: IRS Section 1031 exchanges, notary services, commercial real estate due diligence, UCC insurance, bankruptcy reporting, national timeshare and relocation services, document recording, real estate appraisal, commercial real estate transaction coordination, mortgage servicer solutions, default management, flood reporting, and centralized national order placement services. It is a wholly-owned subsidiary of Old Republic International Corporation (NYSE: ORI), one of the nation’s 50 largest publicly held insurance organizations.About Visionet Systems, Inc.Visionet Systems, Inc. is a leading service provider to the Mortgage, Title, and related industries. Through its digitally powered outsourcing services and technology innovations, it helps mortgage businesses transform and scale their operations effectively. The company’s technology products complement its top-of-the-line outsourcing services. For more information, visit us online.AtClose is Visionet’s Automated Title, Closing and Settlement solution. AtClose simplifies and efficiently organizes complicated processes by offering automated workflows and a robust vendor management solution that is directly integrated with all major vendors in the pre- and post-closing ecosystem.

Denver, CO – October 23, 2017 – Visionet Systems, Inc. announces the addition of e-closing capabilities to its AtClose Title, Settlement and Appraisal platform at the Mortgage Bankers Association’s Annual Convention & Expo 2017 being held in Denver, CO. The new e-closing functionality is being included in AtClose as a seamless, secure, and fully compliant module.E-signatures simplify the closing process for lenders, settlement providers, and borrowers. Executed documents flow back into AtClose effortlessly, reducing the need for paper documents and giving parties additional time to review each loan package. AtClose is highly configurable, allowing agents to selectively enable e-closing for specific lenders or geographic areas to meet local recording requirements and individual lender or investor needs. AtClose gives settlement agents complete control over which documents will be pushed for e-signatures, and when they should be made available to the respective individual(s).“The biggest advantages that AtClose offers settlement agents are a significant reduction in notary fees and the elimination of post-closing errors,” explained Arshad Masood, CEO, Visionet Systems, Inc. “Our sophisticated platform saves them the time and trouble involved in re-doing the signing process. With the CFPB and other regulatory bodies encouraging e-closing, it is time for Title & Settlement firms to begin closing all loans electronically.”AtClose is a cloud-based vendor and workflow management solution that provides a comprehensive and intuitive platform for the Appraisal, Title & Settlement industry. AtClose provides advanced security and high availability by leveraging core AWS cloud services, and improves operational efficiency by offering fully customizable workflows and numerous vendor integrations. Please visit https://www.atclose.com to learn more.About Visionet Systems Inc.Visionet Systems, Inc. is a full-service technology consulting and business process outsourcing company that delivers software solutions, services, and technology-led BPO products built on a best-of-breed philosophy to help its customers increase business agility, drive down costs, and reduce risk. With deep ties to the mortgage industry, Visionet has spent the last decade working with the top mortgage companies in the country, building various mortgage industry-specific products and solutions. In addition to AtClose, Visionet products include production lead management, product recommendation engines, channel and broker profitability, post-close compliance automation, loan boarding and special loan setup, escrow float and shortage management, prepayment risk modeling, default risk analysis, loss estimation and tracking, and REO.

Cranbury, NJ – October 21, 2016 – Visionet Systems, Inc., a leading provider of technology and technology enhanced BPO solutions to the real estate and mortgage industry, announced today the launch of AtClose-VMS, a comprehensive cloud based solution for Service Provider Oversight and management. AtClose-VMS is a complete suite of solutions enabling the mortgage lender to manage their portfolio of service providers. An innovative new product for Vendor and Supply Chain Management organizations, AtClose-VMS significantly reduces the costs associated with the ever increasing burden of Service Provider Oversight. The AtClose-VMS business intelligence engine seamlessly integrates with the mortgage industry’s leading third party vendor management platforms to assist the lender vendor management / supply chain teams in managing and score carding vendors through state of the art dashboards.Service Provider Oversight has become a critical component of all lenders’ compliance programs. Mortgage Lenders are required to manage dozens, hundreds or (for nationwide lenders) thousands of service providers. AtClose-VMS is the first of its kind as a complete platform of integrated technology and services to significantly ease this regulatory burden. Bringing performance metrics and oversight to the forefront, the AtClose-VMS solution manages all the critical components required for service providers to remain successful with the drastically changing industry and regulatory requirements.Regulators including the Office of the Controller of the Currency (OCC), the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC) and the Federal Financial Institutions Examination Council (FFIEC) have significantly increased the standards and requirements for service provider oversight over the past several years. For many banks and non-banks, this means developing complex service provider oversight programs to ensure compliance with these stricter standards.“AtClose-VMS offers a single source solution to manage oversight, administration and service levels through a cloud-based set of dashboards”, said Arshad Masood, CEO. The AtClose-VMS program is unique in its ability to both manage a panel of service providers and monitor adherence to service levels in real time.The AtClose-VMS program is a combination of over ten years of Visionet vendor management solution development combined with Cloud-based technology and a team of experienced vendor and supply chain management professionals. Visionet Systems will be attending the Mortgage Bankers Association’s Annual Convention & Expo in Boson, MA, please contact at sales@visionetsystems.com to schedule a time to review how AtClose-VMS can significantly reduce your service provider compliance burden.AtClose-VMS will be available for bank and nonbanks starting in Q4 2016.About Visionet Systems, Inc.Cranbury, NJ-based – Visionet Systems, Inc. is a full-service technology, consulting and business process outsourcing (BPO) company. Visionet delivers software solutions, services, and technology-led BPO products. These products are built on the best-of-breed philosophy to help its customers by increasing business agility, drive down costs, and reduce risks. Over the years, Visionet has engineered high performing and cost-effective solutions for its customers across diverse industries including banking, retail, insurance, distribution, and manufacturing, while building deep competencies in the mortgage Industry. Visionet is focused on delivering value and exceeding customer expectations. For more information, visit online at https://www.visionet.com

Cranbury, NJ – May 5, 2016 – AtClose has launched integration with Visionet’s OCR (Optical Character Recognition)-based VLR (VisiLoanReview) technology that extracts data from Title Search documents such as Deed, Mortgage, and Liens/Judgments, and automates data entry for commitment generation and other title products. The seamless integration captures the necessary information for Grantor/Grantees, legal descriptions, recording information and other data elements that are required to produce Title Reports. The integration helps customers optimize their title production processes, improve efficiency and meet tight service level agreements (SLAs).Visionet’s VLR, a cutting-edge OCR technology based platform, provides automation support in document classification, validation, indexing and data extraction, while integrating with standard document management systems (DMS) for any mortgage loan workflow.With this integration, documents are automatically pushed to VLR to extract data from the Title search documents to capture all necessary information for the production of the Title Reports. This automation reduces manual errors and cuts down production time, which will in turn help AtClose improve efficiency and produce quality Title reports.“Our VLR technology will help AtClose minimize the tedious and time-consuming manual documentation process. This advanced OCR technology is an evolution from the manual document classification and data extraction process. This platform will make the job easy for AtClose’s analysts by automating the Title generation process and minimizing manual intervention”, said Bill McNamara, Chief Strategy Officer of Visionet.About Visionet Systems, Inc.Cranbury, NJ based – Visionet Systems, Inc. is a full-service technology, consulting and business process outsourcing (BPO) company. Visionet delivers software solutions, services, and technology-led BPO products. These products are built on the best-of-breed philosophy to help its customers by increasing business agility, drive down costs, and reduce risks. Over the years, Visionet has engineered high performing and cost-effective solutions for its customers across diverse industries including banking, retail, insurance, distribution and manufacturing, while building deep competencies in the mortgage Industry. Visionet is focused on delivering value and exceeding customer expectations. For more information, visit online at https://www.visionet.com

Pittsburgh, PA – April 26th, 2016 – AtClose LLC., an industry leader providing a state-of-the-art appraisal, title, and settlement solution for the mortgage industry, has announced integration with Visionet’s OCR based solution, Visi Loan Review (VLR) technology to facilitate enhanced document management for its customers.With this integration, AtClose customers can extract data from Title Search documents such as Deed, Mortgage, Liens and Judgments among various other documents to automate data entry for commitment generation and other ancillary title products. The seamless integration captures the necessary information for Grantor/Grantees, legal descriptions, recording information and other data elements required to produce Title Reports. The integration helps customer optimize their title production process, improve efficiency and meet stringent SLAs.“In this competitive market, title companies are on the lookout for a technology that eliminates duplicate data entry and streamlines their business processes to maximize efficiency.” said Adeel Ahmad, Vice President, AtClose, “The VLR integration enables title companies to complete the transaction without ever having to leave their AtClose software.”By using the integrated capabilities and services offered through the AtClose platform, title companies can automate Title, Appraisal, Settlement, Closing Disclosure and Post Close processes. This will help in driving efficiency and accuracy gains, enhancing margins, reducing fixed expenses, cycle times and costs while providing 100% visibility and higher customer satisfaction. AtClose is currently being used to process thousands of orders daily at four of the largest independent settlement companies in the country.For more information, contact:Adeel Ahmad183 Industry DrivePittsburgh PA 15275(412) 528-1815adeel.ahmad@atclose.comAbout AtClose LLC.Pittsburgh, PA based AtClose LLC is a full service mortgage consulting and business process outsourcing company that delivers products in the best-of-breed philosophy. AtClose offers lenders the solutions to improve profitability through removing inefficient business processes and technologies. The company’s customers include mortgage bankers and servicers. For more information, visit https://www.atclose.com, email us at sales@atclose.com or call 609-409-1063 x1116.