ClosingCorp’s SmartFees service is now integrated with PCLender’s Loan Origination Software (LOS). SmartFees provides an automated fee solution that gives users fast access to TRID-compliant closing costs with an audit trail and data-backed guarantee. Here’s how it works:
The integration demonstrates both companies’ commitment to support lender solutions designed to expedite Loan Estimate (LE) and Closing Disclosure (CD) production. The integration of ClosingCorp’s service within the PCLender LOS will allow PCLender users to create LEs or GFEs directly from their LOS.
“Unlike other options in the market, the ClosingCorp service allows lenders to generate actual rate and fee data from the providers they currently do business with, as well as others from across the country,” said Lionel Urban, chief executive officer of PCLender. “Our integrated solution will help increase productivity and show proof of compliance with best-in-class closing costs and easy-to-use technology.”
“Having accurate, complete closing cost data streamlined directly into an LOS system, like PCLender’s, allows loan officers to have the most accurate, compliant information at their fingertips to take to their customers,” said Bob Jennings, chief executive officer for ClosingCorp. “Both ClosingCorp and PCLender are dedicated to providing solutions that help automate the residential real estate transaction process while helping our lender clients improve cycle times, increase efficiencies and remain compliant at all times.”