BSI Financial Services

Strategic Partnership Forms For Advanced Compliance Monitoring

Posted on by TMN Editor
By KIMBERLEY HAAS Technology is helping servicers with programs that provide systematic and automated approaches to loan due diligence, leading to partnerships that will enhance market compliance. Third-party subservicer Cornerstone Servicing, headquartered in Englewood, Colorado, announced last month that they are using compliance technology from Bizzy Labs to perform daily exception processing on servicing portfolios. The goal is to reduce errors, provide business risk transparency, and reduce per loan servicing costs. Bizzy Labs is an affiliate of BSI Financial Services in Irving, Texas, and their compliance technology, Libretto, uses a comprehensive library of over 1,000 business rules to identify servicing deadlines and data quality anomalies that could lead to red flags. Toby Wells, the president of Cornerstone Servicing, and Gagan…

Harold Lewis Joins BSI Financial As President, COO

Posted on by TMN Editor
Harold Lewis is joining mortgage operating platform BSI Financial Services as president and COO, the company announced in a press release. BSI Financial provides a cloud-based, open API and AI-driven platform for mortgage servicing, including automated loan boarding, investor reporting, and data-driven loan monitoring throughout the loan’s lifetime. This is a newly created position at the company. Lewis is tasked with scaling BSI’s platform, improving operational efficiency, reducing risk, and spearheading tech advancement and talent acquisition. Lewis will report to Gagan Sharma, founder and CEO of BSI Financial. “I am thrilled to be joining BSI Financial Services and look forward to working with our talented team to drive further growth and create increasing value for our customers,” Lewis said. Prior…