ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, has announced that its SmartFees® service is integrated with Plaza Home Mortgage, Inc.’s BREEZE loan origination system. The integration provides wholesale mortgage brokers the option of creating, previewing and delivering loan estimate (LE) disclosures at the point of sale.
SmartFees provides an automated fee solution that gives Plaza mortgage brokers immediate access to vendor-verified closing costs with an audit trail and a data-backed guarantee. The integration allows BREEZE users to quickly search for and select a closing agent and title company in their specific markets. SmartFees will integrate the loan file information, transfer tax and recording data, as well as service provider fees, including land surveys and other services required depending on the property’s location, from more than 70,000 rate cards. Lender business rules and other requirements are also fed into BREEZE—allowing Plaza Home Mortgage brokers the ability to originate mortgage confidently and compliantly.
“Lenders want proven applications to help them meet compliance requirements,” said Bob Jennings, chief executive officer of ClosingCorp. “Our partnership with Plaza Home Mortgage will improve their efforts to provide accurate and timely data to their borrowers while also giving them peace of mind that they are in compliance.”
“Our integration with ClosingCorp represents our continued commitment to streamlining the LE and disclosure form generation process for our clients,” said Jeff Leinan, executive vice president of National Wholesale Production for Plaza Home Mortgage. “Continuing to collaborate with industry leaders, like ClosingCorp, allows us to provide our clients with access to the most accurate rates and fees enabling them to close fully compliant loans.”
For more information, please visit closing.com
Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.