Visionet Systems, Inc., a leading provider of technology-led Business Process Outsourcing services, announced the launch of VisiPayOff, a payoff requests processing system that facilitates automated creation of pay-off statements, ensures compliance with CFPB rules and mortgage servicing standards.

Designed to offer an efficient solution to the escalating challenges of mortgage loan servicers and subservicers, VisiPayOff integrates with leading IVR systems to provide a common rules-based platform for generating and processing pay-offs for all business channels. It is uniquely designed for easy integration with major servicing systems to enable real-time access to servicing data and provides options to use the built-in letter writers for pay-off statements.

“Changes in regulatory and compliance legislation have by far created disruption in the mortgage servicing industry, and the results have been significant financial losses. VisiPayOff has been designed to help servicers achieve improved profitability while keeping up with Federal and State regulations, as well as the requirements of master servicers, investors and guarantors in order to mitigate potential losses”, said Arshad Masood, CEO – Visionet Systems, Inc.

For 20+ years, Visionet has been uniquely positioned as a comprehensive end-to-end mortgage service provider to both the origination and servicing sectors. With flexible staffing and delivery models, and innovative solutions, it has undertaken a diversified array of projects for some of the leading mortgage banks with large originations and servicing portfolios.

About Visionet Systems, Inc.

Cranbury, NJ based – Visionet Systems, Inc. is a full-service technology consulting and business process outsourcing company. Visionet delivers software solutions, services, and technology-led BPO products, which are built on the best-of-breed philosophy to help our customers increase business agility, drive down their 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 IT Industry. We are focused on delivering value and exceeding customer expectations. For more information, visit us online at www.visionetsystems.com.