Sierra Pacific Mortgage Selects Simplifile As TRID Solution Provider

Posted by Patrick Barnard on September 09, 2015 No Comments
Categories : Residential Mortgage

Sierra Pacific Mortgage, a Folsom, Calif.-based national mortgage banking company serving the retail, wholesale and correspondent mortgage banking markets, has chosen Simplifile as its TILA-RESPA Integrated Disclosure (TRID) solution provider.

According to Sierra Pacific, Simplifile will streamline collaboration with settlement agents nationwide and prepare the company to meet the Consumer Financial Protection Bureau's new TRID rule, which will take effect Oct. 3.

‘Simplifile is a well-designed solution with a clean interface that follows the closing disclosure format and will be easy for our staff to use. Simplifile also has a large market share that most settlement agents are already familiar with and have integrated into their platform,’ says Jim Connell, Sierra Pacific's chief information officer.

Specifically, Simplifile's suite of services, including collaboration, e-recording and post-closing, will enable Sierra Pacific to securely share, validate, audit, track, record and collaborate on loan documents, data and fees. Lenders can also share changes, deficiencies and updates with their settlement agents through this single, transparent and fully auditable system.

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