New Vista Solutions Introduces the Settlement Solutions Marketplace — a Centralized Resource Center for Mortgage Lenders
New Vista Solutions has evolved significantly from its origins serving smaller credit unions and community banks. Today, the company has expanded into a comprehensive digital hub providing settlement solutions for over 300 mortgage lenders nationwide. This growth reflects the company's commitment to delivering scalable, efficient solutions that meet the complex needs of the modern mortgage lending industry.
At the heart of this expansion is the Settlement Solutions Marketplace, a digital hub that has redefined how lenders access settlement services. The Marketplace connects clients to a network of more than 30 trusted national suppliers offering hundreds of products, all specifically tailored for mortgage lending operations. This extensive network allows lenders to access everything they need through a single, unified platform where efficiency meets compliance.
The "One-Solution" Advantage
What sets New Vista apart is its consolidated approach to vendor management. Instead of juggling multiple supplier relationships, lenders contract with New Vista as the one vendor of record, operating under one agreement with one pricing model. This streamlined structure eliminates the administrative burden of managing numerous contracts while providing access to a vast array of settlement products and services.
The operational benefits extend beyond simplified vendor management. Lenders receive one consolidated due diligence package that's updated annually, dramatically reducing the compliance workload. One customer service contact provides direct support when needed, and one invoice simplifies billing and accounting processes. Perhaps most appealing to budget-conscious institutions: there are no monthly or annual subscription fees.
Driving Efficiency and Reducing Costs
New Vista's Marketplace addresses three critical pain points for mortgage lenders: speed, cost, and compliance. By aggregating volume across their client base, the company delivers high-quality services at lower costs than lenders could typically negotiate independently. For institutions struggling with extended closing timelines —particularly those experiencing 30-plus day cycles on home equity loans — the Marketplace can reduce closing times from weeks to days.
The digital hub offers flexibility to match products with transaction complexity. Fast, low-cost solutions are well-suited for home equity lenders while more comprehensive, high-touch services support residential and commercial purchase transactions.
Disaster Recovery
Business continuity is a cornerstone of the Marketplace model. Multiple backup suppliers are available for most products, allowing New Vista to re-route orders to alternative vendors in case of service disruptions or supplier outages. This redundancy ensures lenders can maintain operations without interruption, even when individual suppliers face challenges.
Built for Modern Mortgage Operations
Operational efficiency is enhanced through service bundling and integrations with leading loan origination systems, providing one-stop access to all products. Meanwhile, regulatory peace of mind comes from products designed to meet all state and federal requirements, with consolidated due diligence packages simplifying compliance verification.
As New Vista Solutions continues to grow, its Marketplace represents a significant shift in how mortgage lenders — from community banks to major institutions — approach settlement services. By combining extensive supplier networks with simplified vendor management, New Vista delivers the efficiency and compliance support that today's competitive lending environment demands.