LenderClose is now integrated with Simplifile, which means credit unions and community banks using LenderClose’s platform for mortgage underwriting now have a fast and simple way to access data from county recordable documents, such as mortgages and trust deeds, via Simplifile’s e-recording software.
Simplifile has deployed its e-recording platform in about half of all U.S. recording jurisdictions and plans to help the remaining 50% realize e-recording benefits in 2019.
LenderClose says the integration further streamlines lender access to all the vendors it takes to approve, underwrite and close a real estate loan.
The integration allows lenders nationwide to upload county recordable documents, such as mortgages, trust deeds, releases and more, to the LenderClose platform without having to toggle between providers and accounts.
Every LenderClose user will have access to e-recording and will remain inside the LenderClose platform as they engage directly with county recorders.
The integration is a continuation of LenderClose’s strategy to provide lenders a single point of access to the housing industry’s top vendors to holistically digitize the loan cycle.
The LenderClose platform provides API connections to every vendor it takes to manage a mortgage or HELOC loan, the company says.
“We cannot afford to lose sight of the borrower experience,” says Ben Rempe, chief operating officer for LenderClose, in a release. “That’s why we have placed such a high priority on putting the right technology and integrations into the hands of lending staff. When they are empowered to exceed expectations, the borrower experience is automatically improved.”
Through LenderClose, lending staff can access a suite of property data reports and services – from flood certification and valuation products to title reports and e-recording.
The result is a vastly accelerated underwriting process, an increasingly essential capability for all lenders.