SLS Data Connector

The SLS Mortgage Servicing Data Connector allows your organization to integrate and leverage valueable mortgage servicing data from Specialized Loan Servicing’s mortgage servicing platform. This connector allows Banks / Credit unions to automate monthly, quarterly and annual reporting processes that may currently be manual. In addition, this connector allows enables Banks/Credit Unions to more effectively manage the mortgage portfolio as well as find opportunities to cross sell other retail products and services to those who currently have a mortgage. Finally this data connector supports vintage, concentration and portfolio analysis that is available in other CFS Insight products and services.

Common Use Cases

Common use cases include:

Automation of monthly, quarterly and annual reporting, metrics and dashboards.
Mortgage portfolio conentration and risk analysis.
Vintage analysis of portfolio evolution and change
Cross sell of retail products into members with mortgages.
Proactive retention of members / mortgages that may consider re-financing with another financial institution.

Common Questions

Does the solution require additional licensing/interface to the SLS's mortgage servicing platform?

Yes, delivery of daily extracts associated with the Standard Data Package from SLS must be configured to the Bank/Credit Union nework. This package includes the following information:

Bankruptcy Overview
Broker Price Opinions
Loan Servicing Comments
Escrow Accounts Overview
Foreclosure Overview
Foreclosure Holds
Property Inspections
Real Estate Owned Overview
Loan Details
Borrower Contact Details
Loan Transaction Activity
Loss Mitigation Overview
Loss Mitigation Milestones
Loss Mitigation Payment Plans
Home Equity Line Of Credit
Overview of Assets

Can SLS mortgage servicing data be linked with Mortgage LOS data from separate providers such as Encompass, MortgageBot, Mortgage Cadence and Black Knight Empower?

Yes, if a Mortgage LOS data connector from CFS licensed, this connector supports integration/linkage of servicing data to the application and decision content from which the mortgage originated.

Technical Details

The notable implementation details include the following:

Product runs on the SQL Server 2014 or higher platform.
Data is ingested into the CFSConnectors database via daily extracts produced by SLS’s Standard Data Package export. Please see the questions and answers below to see the scope of data provided.
Data is integrated to CFS Insight’s Loan Servicing Data mart.

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Analytic Model

CFS Loan Risk Model

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- CFS Data & Analytic Products

The CFS Insight way to unlocking your credit union data

Data connectors and CFS analytical models are just tools. To succeed, your data initiative needs the right process to handle the preparation, detailed integration, and well planned training and support. The CFS process will help guide your project to successful implementation and adoption.

CFS Insight Process

Step 1

Discovery Call & Demo

Start with a quick discovery call followed by a customized demo. CFS will seek to answer specific questions and show how the CFS process will apply to your data needs.

Step 2

Review Agreement

Work with the CFS Insight team to define goals and project requirements. Develop a scope of work and review with any other key stakeholders and make adjustments.

Step 3

Onboard & Prerequisites

As your team works on required prerequisites defined in the agreement, CFS will onboard to your technology environment and begin preparing for implementation.

Step 4

Implement, Train, Support

CFS will Implement the data connectors and analytic models, provide your team with training, help push your new solution to production, and provide you with dedicated ongoing support and consultation

- How CFS Insight can guide you

Ready to make better data driven decisions?

CFS Inight’s process will guide you and your team into a better understanding of your data. Once your systems are connected, CFS will help you create productive ways to access, analyize, and model your data. So the question is — how can we help?

Education

You want to learn more about how you can get more out of your data?

Take Action

You know what you want and you’re ready to chat?

Case Studies

Why Don’t Member Attrition Models Work?

Every credit union has heard some variation of the following pitch from a vendor. “We have a near-perfect member attrition model that is 94.3% accurate.

Share Loss Risk Analysis for Credit Unions

After several years of most credit unions having more shares than loans, the pendulum is starting to swing the other way. How much of a

Counting Credit Union Members: Why is counting members so hard?

It is hard to imagine another industry where trying to count their customers creates as many challenges as it does for credit unions. You are

Your Credit Union Community.

- About CFS Insight

Why CFS Cares About Credit Unions

Credit unions want to serve their communities well. Their community may be a region, organization, or identity. But, not matter what their community looks like, credit unions want to see the their people thrive.

That’s why for more than a decade CFS Inisght has helped credit unions like your’s not only survive, but thrive!

SLS Data Connector

Common Use Cases

Common Questions

Technical Details

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