Data challenges in mortgage servicing: Bank statements

Bank statement information presents a data challenge for many Investor Accounting and Reporting teams. Created especially for automation, BAI files offer a great solution. Switching to BAI files provides a means to streamline multiple business processes, an important preparatory step in digital transformation.

Why all the data fuss? Strategies for managing servicing system data

The servicing system is the main system of record for many Investor Accounting and Reporting processes. Regardless of which system you use, you’ve likely run into data challenges, such as lack of standardization. With some strategic thinking, you can overcome these challenges.