NetDirector Endows Mortgage Machine With TRID Capabilities

Posted by Patrick Barnard on June 26, 2015 No Comments
Categories : Residential Mortgage

Document exchange technology provider NetDirector says it has endowed Mortgage Machine Services' loan origination system (LOS) with the features and capabilities originators need to comply with the Consumer Financial Protection Bureau's upcoming TILA-RESPA Integrated Disclosure (TRID) requirements.

As per a press release, Mortgage Machine Services chose NetDirector to update its LOS with TRID functionality because of NetDirector's vendor-neutral position and its ability to swiftly build out the lending software ecosystem, bringing together loan origination system providers, document management platforms, title companies and other settlement services vendors.

Mortgage Machine Services says its LOS has all the tools mortgage bankers need to manage customer acquisition, marketing, pricing, underwriting, closing, funding, shipping, secondary marketing and business reporting.

‘Ensuring compliance with TRID is our top priority,’ says Jeff Bode, president of Mortgage Machine Services. ‘In order to accomplish this, we needed to enhance our capability to communicate and collaborate with our service providers. NetDirector's data exchange hub was the logical choice to connect us to all of our trading partners with their proven record in the mortgage banking industry.’

Register here to receive our Latest Headlines email newsletter

Leave a Comment