With the commissioning of this SaaS solution, Nationale Nederlanden can now execute management processes that are associated with mortgages even more accurately and efficiently, while also reducing the error sensitivity in the execution of each process.
The latest migration of this ongoing project is scheduled for October 2018. The current back office system HOMES, which is developed in-house, will be replaced for Davinci’s cloud software after the latest migration has taken place. The Close package was integrated seamlessly with the rest of the NN software via a specific adapters. These NN adapters, the high degree of configurability and the extensive standard software functionality ensure that the NN mortgage portfolio is managed in an optimal way.
About Close Servicing
Close Servicing supports all servicing processes from the opening of a mortgage until the final payment. Both periodic and recurring activities such as calculating and charging of due dates or interest on arrears, as well as the occasional, incidental activities such as early prepayments or intermediate rate revisions are being conducted in the contract administration and financial sub-administration of the solution. Special servicing activities are covered by the Close Recovery module.