Stearns Lending, one of the nation’s top 10 mortgage lenders, has selected ClosingCorp’s SmartFees as its rate and fee data solution.
SmartFees provides more than 4,000 Stearns brokers with vendor-verified rate and fee data from thousands of service providers located throughout the nation.
It integrates loan file information, transfer tax and recording data, service provider fees from more than 70,000 rate cards, and lender business rules and requirements into a single, seamless process and platform, allowing clients to originate mortgages confidently and compliantly, the company says in a release.
“The ClosingCorp service allows our brokers to generate actual rate and fee data from the providers we currently do business with,” says Uday Devalla, chief information officer of Stearns Lending. “We expect our cycle time to be faster and interactions with our service providers to be much more efficient, which will ultimately enhance the overall borrower experience.”
