Vendor To Offer Small And Midtier Lenders New Tools

ClosingCorp now offers a selection of packages for mid- to smaller-sized lenders. These packages provide reduced rates to lenders that close 200 loans or less each month and are using one of the key loan origination systems (LOSs) integrated with ClosingCorp’s closing cost data solutions or web service.

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Lenders can choose among four distinct, preset packages of services to help streamline the loan estimate process:

>> Transfer tax & recording fees (non-guaranteed)

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>> Title, settlement, transfer tax & recording fees (non-guaranteed), with access to ClosingCorp’s network of service providers to fulfill quotes and orders.

>> Additional real estate services that borrowers can shop for (not including AMC or inspection) as well as title, settlement, transfer tax & recording fees (non-guaranteed), with access to ClosingCorp’s network of service providers to fulfill quotes and orders.

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>> Full access to all ClosingCorp provider fees (guaranteed), as well as ability to access to ClosingCorp’s network of service providers to fulfill quotes and orders.

“Lenders are spending increasingly more time and money to comply with the TILA-RESPA Integrated Disclosure rule (TRID),” said Carol Crawford, senior vice president of marketing communications and inside sales at ClosingCorp. “Our new offerings allow us and our integrated partners to provide an ‘out-of-the-box’ solution at an even more competitive rate to help mid- to smaller-sized lenders remain compliant and profitable.”

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