ClosingCorp Announces SmartGFE Upgrades for Wholesale Channel – NMP Skip to main content

ClosingCorp Announces SmartGFE Upgrades for Wholesale Channel
Oct 22, 2012

ClosingCorp has announced that the company has enhanced its SmartGFE service offering for wholesale lenders with improved workflow between wholesale lenders and mortgage brokers, giving lenders more flexibility to manage activities according to their unique business rules and processes. Lenders can setup, update and remove accounts, define security restrictions and transfer ownership of loan files along with many other tasks within the SmartGFE interface. Additionally, the SmartGFE Service now supports custom reporting for broker activities, enabling wholesale lenders to obtain vital details and evaluate the performance of each broker in their network. “The wholesale lending landscape has changed dramatically during the past year as several large banks have exited the market,” said Cathy Blaszyk, vice president of lender services for ClosingCorp. “As regulatory compliance burdens grow, the enhanced SmartGFE Service for wholesale lenders provides assurance that their network of independent mortgage brokers disclose accurate costs on GFEs upfront, mitigating their third-party loan risk and eliminating tolerance violations.” The SmartGFE Service provides lenders immediate access to RESPA-compliant GFE data, delivering live rates for local and national real estate closing services, as well as transfer taxes and recording fees. Wholesale lenders leveraging the solution maintain the SmartGFE license and can offer the service to mortgage brokers at no charge and without incurring any additional licensing fees. Wholesale lenders can provide their mortgage brokers access to the SmartGFE data via a secured, private-labeled portal, while maintaining control over the loan files and reaping the benefits of SmartGFE’s comprehensive audit trail and compliance guarantee. Mortgage brokers benefit from improved operational efficiency, files accepted faster and the ability to disclose fees from their local preferred providers.
Oct 22, 2012
More from
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Nov 29, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Nov 23, 2021
Guaranteed Rate Adds New Chief Product And Technology Officer

Guaranteed Rate named Dr. Ramesh Sarukkai as the company’s new chief product and technology officer.

Industry News
Nov 22, 2021
Fintech Mortgage Proven To Reduce Racial Bias In Lending

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Analysis and Data
Nov 19, 2021
nCino To Acquire SimpleNexus

Cloud banking and digital transformation solutions company, nCino Inc., signed a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at an estimated $1.2 billion.

Nov 19, 2021
Guaranty Home Mortgage Partners With Paradatec For Doc Automation

Guaranty Home Mortgage Corporation selected Paradatec's AI-Cloud for document processing and indexing.

Nov 16, 2021