Plaza Home Mortgage Adds New Capabilities to its BREEZE LOS

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Plaza Home Mortgage Inc., a national wholesale and correspondent lender, has integrated ClosingCorp’s SmartFees solution with its BREEZE loan origination system to give wholesale mortgage brokers the option of creating, previewing and delivering loan estimate (LE) disclosures at the point of sale.

This new capability lets users quickly search for and select a closing agent and title company in their specific markets., Plaza Home Mortgage says in a release. Provider information and settlement costs, as well as applicable real estate and transfer taxes, are then seamlessly delivered by ClosingCorp SmartFees and auto-populated into BREEZE.

In addition, originators can easily enter specific closing cost fees. When complete, the user can preview the final LE before sending it to the borrower. From start to finish, the process of completing and delivering to the borrower can take less than 15 minutes on average, the company claims.

Once the LE is received by the borrowers, they can consent and sign it electronically, and BREEZE will automatically notify the originator at each step.

In addition to this new “self-serve” option, mortgage brokers can continue to use their own systems to prepare an LE or submit the loan to Plaza which will create and issue the LE to the borrower.

The new functionality will be available starting August 13.

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