The Orion Financial Group has introduced i3, a proprietary mortgage document imaging and storage services software for small to medium-sized investors.
The new software streamlines and eases the collateral file review process and instantly identifies missing documents, said Mike Wileman, president and CEO of the Southlake, Texas-based provider of mortgage assignment, lien release and document retrieval services.
Based on a predetermined set of expected documents provided either by the user or by Orion, he said i3 creates a missing documents report for investors and the option of retrieve and track documents “from nearly any source.”
Services include 24 hours a day, seven days a week access to collateral file imaging and storage options. Each document has its own link that makes it easy for investors to manage document images, through individual, private and secure accounts on the Orion website.
Services are customized based on individual investor needs, depending on individual loan types, or specific seller portfolios creating a collateral file out of a hybrid file, or a combination of origination and servicing documents, he said.
Orion also offers post loan-closing services, such as document retrieval and recording of assignments through a one-stop solution investors can use “to complete and record assignments on new loan acquisitions,” Wileman said.
The i3 platform is the second new product Orion introduced in 2013. Earlier this year the company rolled out a
