ClosingCorp Releases SmartEngine For Lenders

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ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently introduced SmartEngine for Lenders, a software-as-a-service enterprise solution that captures and manages lender and investor fees across channels and platforms, assuring accuracy and reducing speed to market for new programs. 

Designed for larger, multi-channel lenders, SmartEngine for Lenders interfaces with commercial loan origination systems, pricing engines and internal proprietary systems to track and control lender fees, adjustments and overlays. The system is being used by a top five lender.

“It’s not unusual for large, multi-channel lenders to have hundreds, even thousands, of variations when it comes to internal origination and investor fees,” says Bob Jennings, CEO of ClosingCorp, in a release. “Currently, they are tracking these fees manually, which adds time, cost and the possibility of human error. Our new solution gives lenders a tool to efficiently manage these fees and rules – either on their own or through us.”

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