HDS Single Family Management System

SINGLE FAMILY SYSTEM is a user friendly application that enhances an agency's ability to track their fund allocations and to administer programs such as MRB Program, HOME, First Time Home Buyer Rehabilitation and more. The system also provides functionality which will allow an agency to perform functions such as loan compliance, loan origination, loan closing, and stage tracking and exceptions.

Underlying the HDS Single Family System is a relation database where users can define reference tables, allowing agencies to customize the system to reflect their already existing programs, processes and terminology. The database tables are included with the purchase of the Single Family System and any add-on modules.

The Single Family System comes with a wide variety of tools to allow users to easily navigate through their agency's loan portfolio along with add-on reporting tools such as SF Data views, Forms Generator and Report Writer.

ALLOCATION

Agency allocations and sources feed Single Family programs through SF Allotment. When a loan is reserved, the system uses SF Allotment to determine how that loan will affect the agency allocation of sources. As the loan proceeds through the defined program stages, the money also moves through the stages, allowing for fund tracking.

The Single Family Allocation module is comprised of a variety of components that allow for the control and monitoring of funds through several different methods, such as tracking, pipeline, the creation of sources, and splitting program funds according to specific needs. Allocation includes the following functionality: Agency, a screen allowing the agency to define funding sources created; Allotments, allowing an agency to define the funding sources and guidelines on how they will interact with agency programs and loans; SF Views, within this screen data can be viewed by the Single Family Program displays funds on a per program basis and breaks down the funding on a per critical stage basis.

PROGRAM

Within the SF Program module agencies have the ability to structure their programs based on agency criteria. Incorporated into the Single Family Program Module are a variety of tools used to track the following information: Program Information, Stages, Documents and Exceptions, Stage Actions, Stipulations, Income and Acquisition Limits,Purchase Parameters, and Associate Partners.

The SF Loan Management module handles the production factor of all loans, encompassing every aspect from origination to commitment and reservation, compliance, exceptions, purchase, delivery to trustee, and interfacing capabilities with other HDS systems including Funds Management, Loan Servicing and Master Servicing.

The Loan Management module not only aids the agency in managing loan reservation data, it also ensures that the portfolio complies with the rules set up in the Program module, and allows the agency to manage the aging of loans through the pipeline as well as compliance and accuracy.

SINGLE FAMILY WEB

The Single Family Web Loan Management System is a web-enabled loan management interface which allows lenders and non-lending partners to perform many of the tasks traditionally performed by housing agencies during the single family loan administration process. This Web functionality is designed to make the task of processing and managing loans easier by giving agency partners more control over the loans they oversee, while at the same time equipping agencies with the fastest method of communication between themselves and partners.