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ClosingCorp Rebrands LE and GFE Solutions as SmartFees
ClosingCorp recently announced it has rebranded its Loan
Estimate (LE) and Good Faith Estimate (GFE) solutions as
SmartFees, which will allow lenders to automatically deliver
real-time, accurate closing cost data and populate the appropriate
disclosures.
SmartFees provides lenders with a single, seamless process
and platform that integrates loan file information, transfer tax
and recording data, service provider fees, and lender business
rules and requirements. SmartFees is unique from other solutions
in that it produces actual fee data from more than 70,000 rate
cards (not estimates) through the ClosingCorp Network.
e ClosingCorp Network is comprised of 20,000 nationwide
individual service providers divided into 30 categories, including
title, settlement, and appraisal.
"As the residential mortgage industry continues to evolve,
lenders need efficient and effective solutions to improve revenue
potential and mitigate the risk of costly tolerance violations," said
Bob Jennings, CEO of ClosingCorp "SmartFees is our flagship
offering, and as such, we will be focusing on usability, additional
loan types and other critical items to help our clients forge ahead
with confidence."
ClosingCorp, based in San Diego, is a provider of residential
real estate closing cost data and technology for the mortgage and
real estate services industries.
