AbstractorPro (Real Title Services)
Register
Log In
Forget your Password?

Home
Directory
Bulletins
Forums
Blogs
Articles
Links
Classifieds
About Us
Contact Us
Advertise
FAQ
Privacy Policy


Simplifile Debuts Enhanced Post-Closing Service to Automate Return of Trailing Mortgage Documents
press release, Simplifile
   

Simplifile, a leading provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that it has enhanced its Post Closing service to help lenders automate the return of trailing loan documents. This new service is designed to save lenders time on final Closing Disclosure (CD) reconciliation, eliminate time-consuming post-closing document management tasks, and provide a complete audit trail to reduce regulatory risk.

Using its e-recording network of active settlement agents – the largest in the nation – Simplifile automates the return of recorded documents, final recording fees, and transfer taxes that match the loans in a lender’s post closing pipeline. Simplifile can also automate the request for final title policy or any other trailing documents. Lenders using Simplifile’s Post Closing service are automatically receiving recorded documents and fees for nearly half of their loans, with 50 percent being returned within 48 hours and 90 percent within a week of the loan closing. For Ellie Mae customers, Simplifile can deliver the returned documents directly into the Encompass eFolder, eliminating additional steps in the post-closing file completion process.

“Post-closing workflow continues to be a pain point for many lenders, as the consequences of submitting incomplete loan files to regulators and investors can be severe,” said Simplifile President Paul Clifford. “With more than 17,000 settlement agents utilizing our network to e-record in more than 1,750 counties, Simplifile is in a unique position to solve this very real issue for lenders by, in essence, providing the auto-return trailing docs and final recording fees and transfer taxes for loans closed across 80 percent of the population.”

About Simplifile

Simplifile, the nation’s largest e-recording network, was founded in 2000 to connect settlement agents and county recorders via its e-recording service. Today Simplifile has broadened its services to include collaboration tools and post-closing visibility for mortgage lenders and settlement agents working together on real estate documents. Through Simplifile, users can securely record, share, and track documents, data, and fees with ease.

To learn more, visit https://simplifile.com or call 800.460.5657.



to post a comment on this article: login - or - register



Directory

The Source of Title Business directory has 8825 listed companies.

Leave feedback on a company:
SOT ID #:  learn more...
DRN Title Search
Blogs

Read other users' blogs-- or start your own!

Most Recent Blog Posts:

Exploring the Implications of Eliminating Mandatory Title Insurance
Security American's Blog
2024/03/11
0 comments

Be Ready - Will the Summer Surge be a 'short game'?
Denise Williams's Blog
2024/03/02
0 comments

Behind the Deed: Exploring the Intricacies of Complex Real Estate Title Searches
Security American's Blog
2024/02/15
0 comments

Forums

Source of Title's Forums are the place for title industry discussions.
Recent posts in the forums:



Classifieds

Buy, sell, or trade! Browse the ads or post your own!

© 2020, Source of Title.