ValuAmerica’s ValuNet Now Integrated With Black Knight’s Closing Insight

Posted by Patrick Barnard on December 02, 2015 No Comments
Categories : Residential Mortgage

ValuAmerica Inc., a national title agency, appraisal management company and technology provider, has successfully integrated its ValuNet xsp platform with Black Knight Financial Services' LoanSphere Closing Insight application.

As per a company press release, the integration will help lenders and title companies meet the Consumer Financial Protection Bureau's new TILA-RESPA Integrated Disclosures rules – in particular, the new closing disclosure.

‘The integration will create an efficient and secure electronic method of communicating with any lender using Closing Insight while producing the closing disclosure,’ says Shawn Murphy, executive vice president of ValuAmerica. ‘Using closing collaboration data transfer, analytics, change tracking and systemic documentation will help keep all parties informed and in sync on a real-time basis.’

Closing Insight is a Web-based solution that automates the loan closing process, enabling the integration of lender and settlement agent data to streamline the reconciliation of fees for final loan closing disclosures. Using a client-configurable rules engine, lenders and settlement agents have the ability to generate and review disclosure documents, which, in turn, helps them meet closing timeline requirements and electronically fulfill title, closing and document signing orders.

‘The integration with ValuAmerica's ValuNet xsp platform furthers Black Knight's efforts to drive a more seamless mortgage process through the use of Closing Insight,’ says Gerardo Caceres, senior vice president of client delivery and regulatory strategy for RealEC Technologies, a division of Black Knight that works on integrations. ‘We are pleased to offer Closing Insight's efficiency and risk management tools to ValuAmerica's clients.’

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