Closepin, a cloud-based, automated closing agent compliance validation platform for a lender’s closing agent network, has added a new tool that enables mortgage lenders to search for e-closing-enabled title agents.
The new tool will help lenders in their efforts to conduct fully-digital closings. Closepin’s core business offers lenders automated compliance validation and wire instruction verification for mortgage-closing agents.
“Lenders are looking for ways to offer digital closings to those customers that want them, but to do so requires an entire ecosystem of partners,” says Ryan Peterson, executive vice president of Westcor Global, creator of Closepin, in a release. “One of the biggest challenges has been finding closing agent partners who are equipped to manage these transactions.”
Freddie Mac has included a link to the Closepin search tool on one of its e-mortgage pages to help sellers find e-closing-enabled closing agents.
“Freddie Mac is constantly working to find ways to innovate and improve the mortgage lending process,” says Samuel E. Oliver III, vice president of single-family customer technologies for Freddie Mac. “One of the many ways we do this, is by addressing barriers to e-mortgage adoption in our industry.
“Providing access to information and resources, like Closepin’s e-closing agent search tool helps simplify and streamline the mortgage process for both lenders and their borrowers,” Oliver adds.