Visionet Systems, Cranbury, N.J., has announced the launch of version 3.0 of VisiLoanReview, a Web-based program providing electronic quality control reviews and automated underwriting to the investor community.The announcement, which came at the MBA National Secondary Market Conference and Expo in Chicago, said the new version of VisiLoanReview offers electronic delivery of files, customized underwriting review, quality control review, automated follow-up and response management, repurchase demand management, and loan presentation. The system allows investors to reduce processing costs while improving quality and reporting, Visionet said. In addition, the product provides seller scoring mechanisms to automatically manage the scope and depth of loan file reviews. VisiLoanReview includes workload distribution and monitoring capabilities as well. The company can be found on the Web at http://www.visionetsystems.com.

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