MBS ProClose, a McLean, Va.-based mortgage technology company dedicated to improving the closing experience for lenders and borrowers alike with fully compliant closing document packages, has launched its MISMO XML-native ProClose Platinum Web Service. Governed by rules-based automation, ProClose Platinum delivers a set of closing docs in PDF form, ready to print, e-deliver or both, just seconds after the loan file is completed, the company says.
MBS ProClose and Calyx Software co-developed the network interface that allows users of Calyx Point to connect directly with ProClose Platinum Web Service at any time in real time.
According to MBS ProClose, Calyx Point users who choose ProClose Platinum for doc prep experience the time-saving, accuracy-improving benefits inherent to the pass-through of MISMO XML data from a loan origination system (LOS) platform to a third-party service provider.
Built with MISMO at its core, ProClose Platinum accommodates any MISMO XML transfer without a data-integration procedure, eliminating tedious mapping exercises, discrepancies between program selections and incomplete pass-through of data from LOS to doc prep. Platinum's built-in intelligence partners with the end-user LOS to enhance loan file data, yielding final XML data that will populate a perfect set of compliant closing documents, the company says. From there, the XML is easily transferred into post-closing and servicing applications.