BSI Financial Services, a mortgage-centric financial services company providing mortgage servicing and special servicing, has launched a new mobile app that enables borrowers to manage their mortgage loans using tablet and mobile devices. The technology was designed and built in-house by BSI Financial software engineers, the company said. 

“Offering borrowers digital access to their loan information affords them greater choice and control in managing their loan obligations,” BSI Financial CEO and President Gagan Sharma said in a release. “The functionality available in our mobile application satisfies a growing demand for convenience in financial management while providing us a foundation for future innovation.”

BSI said its mobile app enables borrowers to verify loan payments, view transaction history and identify future payment dates and amounts. They can also make one-time or ongoing loan payments using Automated Clearing House (ACH) functionality.

Requests for loan verification and pay-off statements also can be made using the app, with the option of fax or postal mail delivery. Borrowers in default can monitor events and milestones in the loss mitigation process and communicate with their BSI Financial representative, the company said.

“These real-time capabilities enable us to resolve loans in loss mitigation faster than traditional phone-and-mail processes,” Sharma said.