Ernst Publishing Co., a provider of technology and closing cost data for the real estate and mortgage industries, and eLynx, a provider of mortgage compliance services, have improved the integration between their systems to help lenders and settlement agents close mortgage loans more accurately, quickly and compliantly.
The improved integration between Ernst’s Settlement Agent Gateway, a collaborative fee management system that guarantees TRID-compliant fees for both lenders and settlement agents, and eLynx’s Electronic Closing Network, gives lenders transparency and control of the closing process while significantly reducing the risk of loss due to fraud and non-compliance, the companies say in a release.
Both platforms are built using the Mortgage Industry Standards Maintenance Organization’s data standards.
“This is a perfect fit for both companies and delivers a huge benefit to both eLynx customers and our own,” says Gregory E. Teal, president and CEO of Ernst Publishing.