ClosingCorp Introduces Proprietary Rate Engine For Title Companies

Posted by Patrick Barnard on June 06, 2017 No Comments
Categories : Residential Mortgage

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage industry, recently released SmartEngine, an advanced rate management solution that enables title organizations to collect and manage their specific rate and fee data.

With this software product, title companies can centralize data processing and connect their rate and fee data to any third-party system, including title production systems, websites, and ClosingCorp’s SmartFees and SmartCalc products, to reliably exchange information to produce estimates.

SmartEngine, which is based on ClosingCorp’s proprietary rates management solution, enables companies to centralize disparate, often outdated rate management tasks, including the administration of tables, templates or other systems, and optimize the overall closing process, the company claims in a press release.

The software was designed specifically for underwriters and title companies seeking to create and manage special lender pricing, as well as standard rates for lender use nationwide. The product also enables lenders to connect to their service providers and reliably exchange information in real time, thus improving speed, accuracy and compliance with regulations, as well as their own internal processes.

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