Utilizing MortgageServ™'s on-line, real time servicing application, Shared Servicing™ has been developed to allow
mortgage companies to maximize operational efficiencies while working with Graystone to transfer loans and manage
servicing functions. Graystone private label clients have access via secure internet connection to their portfolio. Shared
Servicing™ eliminates the need of paper or email communications to effect changes to your portfolio.
Graystone will work with you to create a full interface between your origination system and MortgageServ™ for new loan
set-up. Loan file integrity is maintained, as we do not require any documents to activate new loans, making the process
smoother and eliminating costly shipping expenses.
Shared Servicing™ allows your personnel to transfer loans from warehouse to an investor at the time of sale. Use of the
service release module allows your staff to designate loans that are to be sold. You can work with Graystone to notify
the investor, buyer, borrower, tax authorities, hazard insurance and MI companies. Shared Servicing™ allows you to
manage the origination and sales function while Graystone manages the servicing functions.
Graystone is an approved sub-servicer for Fannie Mae, Freddie Mac, Ginnie Mae, Charlie Mac, and the Federal Bank's
MPF program. In addition, we are working with portfolios sold and transferred to major servicing purchasers such as GMAC
and GE. Our clients are also active with other servicing conduits such as Bear Steams and Credit Suisse. The Shared
Servicing™ process allows you to become involved with any investor and flow or bulk purchaser with the confidence that
you can properly manage the sales, transfer and servicing functions.
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