For fixed income operations, treasuries and agencies involved in the mortgage and settlement process, that need to clear open items from vendor and proprietary settlement systems, the open item break management module automates this manual process.
- Quickly match payables and receivables arising from items such as money differences and P&L
- Investigate discrepancies
- Simultaneously maintain an audit trail of all communications
Eliminate the risk of manual error
Enforce standardisation of mortgage and settlement open item and break management processing so that you can focus on risk mitigation and exception handling.
As a result of Open Item & Break Management Module’s intuitive workflows you can expect to:
- Improve efficiency and consistency of process
- Reduce operational costs
- Reduce FTE
Obtain management information at a click
Gain visibility and control over the mortgage and settlement process.
This will not only show the impact of your open item management activities on your liquidity, but will also help you make smarter decisions about where to invest your time and resources.
Address specific operational needs by easily adding on modules
Trouble free maintenance
Get set up quickly
Open Item & Break Management is a module of Claim Manager.
Like Claim Manager, the modules that form it are ready-made solutions, which are adaptable and can be implemented quickly.
This means in no time your mortgage and settlement obligations will be automatically captured and processed, so you can concentrate on your core business activities.
Have Questions?
To learn more about our Open Item & Break Management solution please Contact Us now.
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