Mortgage Builder Adds New Module for Lenders and Title Companies – NMP Skip to main content

Mortgage Builder Adds New Module for Lenders and Title Companies
Jan 19, 2016
​Mortgage Builder has announced its new Closing Conduit module

Mortgage Builder has announced its new Closing Conduit module. Closing Conduit is offered as an add on module to the Mortgage Builder Loan Origination System (LOS) and can significantly improve the collaborative process between lenders, settlement agents and other third-parties as they finalize closing disclosures. Home closings are more efficient because loan originators do not need to exit the Mortgage Builder LOS as disclosures are finalized and more accurate because data is shared electronically. Closing Conduit can also help lenders, title companies and other parties involved in the closing process to comply with CFPB regulations by maintaining an audit log of the settlement-related transactions including comments shared between participants.

"Mortgage Builder's Closing Conduit allows us to close loans more efficiently and with fewer errors," said Amber Horton, operations manager at Cornerstone Mortgage. "Closers, title companies and settlement agents can easily share and review fees which has allowed us to significantly reduce the time to close loans and deliver more accurate closing disclosures to borrowers."

"The release of Closing Conduit continues to reinforce the investment Altisource is making in Mortgage Builder's products and services," said Lawrence E. Alston, general manager at Mortgage Builder. "We have received great feedback from our beta customers that Closing Conduit is helping them close more loans because they can close them faster and more accurately."

"The Closing Conduit within Mortgage Builder significantly helped streamline the collaboration process between the Closing Department and attorneys," said Tony Fox, director of integrations and technology for 1st Priority Mortgage. "The solution provides us with a fast, efficient and user-friendly means of interfacing with our external business partners."

Jan 19, 2016
More from
Banks And Investors Stake Claim To Their Domain

December 22, 2021, Valencia’s fully digital auction house will auction off .finance and .financial domain names.

Dec 02, 2021
Why Short-Term Closing Fixes May Be Holding Lenders Back

2020 became a record year for eClosing and eNote adoption

Dec 01, 2021
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