The difficulty

CHFA’s procedure was most paper-intense. A single document selections from 300 pages to possess an individual household members loan so you can more seven,000 profiles to own a professional loan. Group consistently include documents on the life of the borrowed funds. Such files have to fulfill particular standards and you may undergo difficult company and you can loan acceptance techniques. Likewise, CHFA has to meet compliance for both bodies and economic regulating bodies. This type of need some retention episodes so you can increase for more than sixty many years.

The answer

To settle these problems, CHFA chose Hyland’s enterprise posts properties program, OnBase. CHFA become into the very first implementation inside recruiting (HR). This new implementation getting Hr, a smaller agencies, turned out to be a simple earn you to quickly proved the significance off digital blogs government.

The fresh company upcoming moved on in order to Advantage Government, Family Finance, Single Members of the family Financing, Multi-family members Credit, Lower income Houses, Income tax Credit Allowance and you can Business Financing. We are removing lowest-worth jobs regarding team having OnBase across the company. By doing this, they’re able to manage behavior because their daily workflow, maybe not papers, claims Brian Mueller, ECM System Director.

Electronic files conserve $one million yearly

CHFA provides included the platform with its for the-home set-up pc software. Profiles pull-up data files in just a click on this link in their everyday applications. Retrieving a magazine file might take from three so you can a dozen times, states Mueller. That have OnBase, profiles pull up the file within just you to definitely around three moments. That is an effective 237% improvement. Create one up over a year, and we cut more than $600,000 just with reduced retrieval. Additionally, it offers freed almost 1,000 square feet of office space, rescuing $175,000.

Single Family Credit (almost a few-thirds away from CHFA’s business) now captures 100% of its data electronically. Without selecting report, employees are 3 times more lucrative. You to definitely preserves this new company more than several full time professionals. As a whole, CHFA preserves $one million annually with OnBase, claims Mueller.

CHFA is at the mercy of compliance both for government and you may financial properties communities. One another areas require rigorous file preservation principles. That have papers, remaining data files for the right length of time is quite difficult.

OnBase allows us to type and you may organize posts quicker. Do not need to worry about losing a document in advance of its preservation personal loans Delaware period try up, says Mueller. Whenever we actually need certainly to generate they, we won’t waste time digging owing to dated document packets for this. We can find it which have a quick look when you look at the OnBase.

This new Government Mortgage Financial, HUD, FDIC, Ginnie Mae, Fannie mae and much more most of the frequently perform audits toward CHFA. Before, looking the fresh necessary records took weeks. Now, audits takes as low as a couple of hours and you will CHFA hinders non-compliance penalties and fees.

Microsoft SharePoint and OnBase increase support service

Working with report will caused it to be burdensome for users and you will financing partners to work with CHFA. OnBase let us alter the method i relate solely to the users and partners, states Mueller. Our company is easier to focus on and certainly will features a larger affect more houses and you can small businesses to ensure that we bolster teams and Colorado’s benefit.

A good way CHFA is improving service is by using SharePoint websites. Lending couples consider needed data files regarding the Hyland program and certainly will comprehend the condition of the finance on the internet due to SharePoint. Later on, CHFA intends to feature the two critical pieces of buildings also next, substitution CHFA’s latest community express totally.

With Hyland’s modern articles services program and you can SharePoint collaborating, CHFA will boost company process automation and team intelligence while maintaining the clear answer simple to use.

As to the reasons Hyland?

That have Hyland, CHFA keeps a complete file management solution. In addition to this, the new institution made it happen in the place of an armed forces from developers.

We have been a small It store. And all I will inform you of C# is that it’s a great chord to your a guitar, but I’m able to manage a giant, pervasive OnBase services that is utilized by the employee inside our service, Mueller told you.

Handling the latest Hyland team and ultizing OnBase’s effortless arrangement software, CHFA keeps a full business program that brings top solution so you’re able to Coloradans.