Freedom Mortgage‘s wholesale division is now using Simplifile‘s collaboration service to exchange data with its settlement partners, the companies report.
Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, says its collaboration platform enables lenders to share, receive and validate documents and data with their settlement partners via a secure platform.
This platform provides visibility into settlement partner processes, resulting in faster, transparent and more compliant mortgage closings, the company claims. The system also automatically notes file changes, updates, deficiencies and statuses to craft an audit-ready compliance trail.
“Freedom’s network of settlement partners plays a significant role in our ability to deliver superior service and on-time closings to our mortgage customers,” says Mike Graham, vice president of national TPO operations at Freedom Mortgage, in a release. “Through the Simplifile Collaboration service, we are able to work with our settlement partners in real time, which creates a more streamlined closing process and ultimately leads to a better borrowing experience for the customer.”