TheMReport — News and strategies for the evolving mortgage marketplace.
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38 | TH E M R EP O RT RISK&DUEDILIGENCEGUIDE Special Advertising Section COMPANY DESCRIPTION ADFITECH has been providing quality control and out sourcing solutions to the residential mortgage industry for over 30 years. They have been reviewed by all five rating agencies, and are publically traded. They utilize highly refined proprietary technology, real-time interactive reporting and responses that provide customizable trending information with breakout capabilities. CURRENT EMPLOYEE AND CLIENT BASE ADFITECH employs a full-time onsite staff with a wide variety of experience in the mortgage industry. All work is completed at their Edmond, Oklahoma campus, and they do not use offsite temp contrac- tors. Their management team has average company tenure of 15 years and senior management has average company tenure of 20 years. Experience counts! Their current client base is a mix of 600 banks, mortgage companies, litigation support, servicers, GSEs, sub-servicers, housing authorities, investors, and credit unions. BUSINESS LINES, SERVICES, AND PRODUCTS They cover every stage in the life of a loan with a multitude of products including, but not limited to: • Due diligence • Pre- and post-closing QC • Servicing QC • Fulfillment services • MERS audits • Document stacking and imaging • Document hosting COMPETITIVE ADVANTAGE Client relationships are their top priority, and they believe communication and transparency are the most helpful tools in their arsenal. They have strived to ensure that their website and interactive reporting give real time information and status, while provid - ing the trending information needed to enable their clients' internal risk assessment and analysis. They continually evolve their reviews and reporting based off of the industry, regulators, investors, and their clients' needs. KEYS TO SUCCESS Their highly trained and experienced staff: By cross training their staff they are able to stay flexible to meet demands as they continually change. On-site IT staff: To keep up to date with changes to both the marketplace and to technology as a whole they have to be able to consistently update and evolve their software and tools used by their staff. Wide diversity and flexibility of products and services: They pride themselves on not only being able to offer their clients a multitude of products but to be able to customize both their reviews and results based off of individual needs. Dedication to their clients needs: You never have to sign a lengthy contract with ADFITECH. Billing is month to month, and you will never be charged a start up or set up fee. Their goal is to always under sell and over deliver. Constant monitoring of regulation, investor, state and federal updates: They have staff in place to keep track of all the changes and to adapt staff training, tools, and review scope as needed. STRATEGIES AND GOALS FOR 2016 While they rely on their own technology for their reviews and products, they understand that to be successful their results and data need to be usable in or with their clients' software. In 2016 they are focused on integration projects with a multitude of servicing platforms, origination software, optical character recognition, and enhanced data extrac - tion. They want their results to continue to be benefi- cial, ingestible, and readily available. PARTNERSHIPS • Mortgage Bankers Association • American Bankers Association • National Council of State Housing Agencies • Oklahoma Mortgage Bankers Association • Lenders One • Mortgage Collaborative KEY PERSONNEL Dru Jacobs President Chase Hagan SVP-Legal Counsel Steve Rosenhamer SVP-Technology Fred Weber SVP-Operations STAFFING 360 employees CONTACT INFORMATION 3001 Technology Drive Edmond, OK, 73013 Phone: 800.880.0456 Email: sales@adfitech.com Web: Adfitech.com STRATEGIES ADFITECH