Freedom Mortgage Wholesale Division Utilizing Simplifile’s Collaboration Services

Simplifile has announced that Freedom Mortgage has begun using the Simplifile Collaboration service in its Wholesale Division to quickly and easily exchange data with its settlement partners.

“Freedom’s network of settlement partners plays a significant role in our ability to deliver superior service and on-time closings to our mortgage customers,” said Mike Graham, vice president of national TPO Operations at Freedom Mortgage. “Through the Simplifile Collaboration service, we are able to work with our settlement partners in real time, which creates a more streamlined closing process and ultimately leads to a better borrowing experience for the customer.”

Simplifile Collaboration enables lenders to share, receive, and validate documents and data with their settlement partners via a secure platform and provides visibility into settlement partner processes, resulting in faster, transparent and more compliant mortgage closings. The system also automatically notes file changes, updates, deficiencies and statuses to craft an audit-ready compliance trail.

“The importance of true collaboration between lenders and settlement providers in the post-TRID era cannot be overstated,” said Simplifile President Paul Clifford. “By facilitating direct, real-time interaction, Simplifile Collaboration provides a consistent, secure, auditable means of completing key mortgage loan documents in accordance with TRID.”