Fidelity National Information Services, Inc. announced that Eastwood Homes signed a multiyear contract for mortgage origination fulfillment services with its Homebuilders Financial Network division.
As part of this agreement, Homebuilders Financial Network's expert staff will work with Eastwood Homes to provide origination fulfillment services for consumers purchasing new homes from Eastwood Homes. Through various alliances, Homebuilders Financial Network will provide the services of underwriting, processing, closing package preparation and funding coordination to ensure loans for all new homebuyers are closed accurately and quickly.
"When my father founded Eastwood Homes, he wanted to build small communities with quality homes and personal service," said J. Clark Stewart, vice president of Eastwood Homes. "Because Homebuilders Financial Network understands the unique requirements of builder loans, its services will be a great asset to us and our homebuyers, enhancing customer satisfaction during the mortgage process."
"Homebuilders Financial Network gives Eastwood Homes greater control over financing, which simplifies and expedites mortgage financing," said Jeff Mouhalis, president of Homebuilders Financial Network. "Eastwood Homes will see greater profitability and increased control as a result of our partnership."
Since Homebuilders Financial Network acts as a facilitator of the mortgage finance process, rather than a lender, it helps Eastwood Homes offer its customers "one-stop" shopping, enabling customers to both finance and buy a house all at one time.