February 20, 2017 10:37 AM ET

IT Services

Company Overview of Visionet Systems, Inc.

Company Overview

Visionet Systems, Inc. provides information technology (IT) consulting and business process outsourcing (BPO) services. It offers IT consulting services, such as project, managed, packaged, and IT staffing services; and BPO services for mortgage banking and title, financial and accounting, oil and gas, and data capture solution and services industries/applications. The company also offers lending products that include VisiClaims, a claim management solution; VisiDefaults, a defaults management solution for mortgage banking servicers; VisiHCLAS, a high cost loans analysis system; VisiLoanReview, a rules and workflow based solution; VisiRecon, a solution for investor bank account reconciliatio...

4 Cedarbrook Drive

Building B

Cranbury, NJ 08512

United States

Founded in 1988





Key Executives for Visionet Systems, Inc.

Founder, Chief Executive Officer and Director
Chief Operating Officer
President of Mortgage Services
Chief Technology Officer of Retail Division
Compensation as of Fiscal Year 2016.

Visionet Systems, Inc. Key Developments

Visionet Systems, Inc. Announces Launch of AtClose-VMS, a Comprehensive Cloud Based Solution for Service Provider Oversight and Management

Visionet Systems, Inc. announced 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 third party vendor management platforms to assist the lender vendor management /supply chain teams in managing and score carding vendors through 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.

Visionet Launches Closing Disclosure to Uniform Closing Dataset Conversion Solution

Visionet Systems, Inc. announced that their CD-to-UCD conversion solution is now in full production. Visionet's solution is the complete end to end solution designed to ensure compliance with the Fannie Mae (FNMA) and Freddie Mac (FHLMC) Uniform Closing Dataset (UCD) initiative. Fannie Mae (FNMA) and Freddie Mac (FHLMC) have undertaken a multi-year program called Uniform Mortgage Data Program (UMDP) to enhance data quality and standardization. The Uniform Closing Dataset (UCD) is the effort within UMDP to provide a standard format for communication of the loan closing data represented on the final Closing Disclosure (CD) document. The UCD is the required set of data from the closing disclosure along with additional loan related data that, beginning in Fall 2017, all mortgage lenders who sell loans to FNMA or FHLMC will be required to deliver along with their traditional data and document packages.

David Nocero Joins Visionet Systems, Inc. as Vice President Global Supply Chain and Warehouse Management System

Visionet Systems, Inc. announced that David Nocero has joined Visionet Systems, Inc. as Vice President Global Supply Chain and Warehouse Management System (WMS). David has an extensive career spanning over 20 years as architect and lead for global transformation teams with various renowned clients. David has been the business and technical leader on many EDI, PLM, ECOM, ERP, WMS and POS Global Supply Chain implementations over his tenure. In his new role, David will be responsible for building Visionet's Supply Chain & WMS and designing collaborative transformation approaches that optimize architecture across the customer business requirements, business constraints, and current state technology platforms.

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