New American Funding signs three-year extension with BaseCap
NEW YORK, Feb. 15, 2022 (GLOBE NEWSWIRE) — BaseCap Analytics, a recognized leader in mortgage quality control solutions used to identify lifelong loan problems, announced today that New American Funding, a leading independent mortgage originator on Scotsman Guide’s Top is Mortgage Lenders List has signed a three-year extension to continue using BaseCap Analytics’ Data Quality Manager, a comprehensive, lifetime platform used by financial institutions to identify, collaborate, and correct loan deficiencies.
New American Funding recognized BaseCap Analytics’ Data Quality Manager’s unprecedented 55% No Touch and 45% Low Touch results. “BaseCap’s Data Quality Manager gave us innovative capabilities that automated a very detailed process, allowing us to focus our efforts on exactly the few issues that needed fixing,” said Carol Norton, senior vice president of Servicing Systems, New American Funding. “BaseCap’s solutions improve our processes and make it easy to adapt to market fluctuations without changing the workforce.”
In addition to continuing to use BaseCap Analytics’ Data Quality Manager for Post Close QC, New American Funding plans to expand its use across multiple departments.
“We are pleased to continue our trusted relationship with New American Funding and to provide solutions that help support its world-class operations,” said Jason Ahl, Head of Mortgage Solutions, BaseCap. “We appreciate New American Funding’s trust in us and look forward to deeper integrations across the business to support its continued growth and success.”
About BaseCap Analytics
BaseCap Analytics is a data solutions technology company that aims to make mortgage quality control the foundation of businesses across the industry; Improving their ability to make better business decisions by improving the accuracy and quality of any information. BaseCap’s Data Quality Manager platform has been deployed internationally and can be found on the Microsoft FSI cloud through Microsoft’s Azure Marketplace as the only Data Quality Microsoft partner.
About New American Funding
New American Funding is an independent mortgage lender with a portfolio of more than 222,000 loans valued at approximately $58.1 billion, 167 locations nationwide and approximately 4,500 employees. The company is a 2021 Mortgage Professional America 5-Star Retail Lender and has made the Inc. 5000 list of America’s Fastest Growing Companies seven times. It offers state-of-the-art career training and makes innovative technology available to its branch loan officers to streamline the mortgage process.
Contact for more information
Head of Mortgage Solutions
877-842-8251 ext 3
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