Ernst Publishing Company has announced the release of a new client portal that will allow Ernst clients to track fee changes, then apply them to every mortgage transaction in their pipeline so they will know immediately if any cost or fee changes will impact those deals. Federal law requires lenders to disclose changes whenever anticipated closing costs exceed those disclosed on the GFE, beyond a certain tolerance.
“This represents a huge efficiency boost for our clients,” said Gregory E. Teal, president and chief executive officer of Ernst Publishing. “Critical information that our lender clients had to track for each individual loan is now provided to them all in one place. Our monitoring service makes the data available and our new client portal makes it easy for the lender to receive that information and take action.”
The portal is fully customizable. Ernst clients can move data blocks around on the screen and use filters to determine exactly what information is made available to staff members. It also provides an easy way for lenders and title companies to communicate with their teams and partners. Screens can be branded for the client and the look and feel can be made to match other company tools. Ernst technologists are on hand to aid in the customization. GFE searches and new transactions can also be easily handled through the portal.