ClosingCorp, a provider of residential real estate closing cost data and technologies, says its SmartGFE Service is now available to credit unions.
SmartGFE Service enables mortgage lenders to create instant, accurate RESPA-compliant Good Faith Estimates (GFEs) with virtually no user interaction, the company says. The system delivers current rates for real estate closing services nationwide, as well as transfer taxes and recording fees.
‘Custom configuration features allow credit unions to instantly access the necessary data from specific service providers and generate highly accurate GFEs, drastically improving their lending operations and the level of service provided to their members,’ says Cathy Blaszyk, vice president of lender services for ClosingCorp.