After launching "Closing Connection" in its mello Broker Portal, loanDepot Wholesale will introduce new upgrades to further streamline the closing process for brokers and settlement agents.
The upgrades are part of the company's ongoing efforts to enhance the loan origination process for the benefit of its partners and customers as the wholesale business continues to grow and gain momentum heading into 2022, according to the company.
“As we continue to grow loanDepot Wholesale, it's critical to provide our partners with the services and technology they need to best serve their buyers, especially in today's competitive market,” said loanDepot Wholesale's senior vice president of Sales Mike Klotz. “We anticipate a great response to these latest updates and have even more in the works for 2022.”
New Closing Connection functions for settlement agents include:
- Simple Sign-On – Quick one-time credentials set-up process with a simple sign-on screen using email address and created password.
- Pipeline View – Settlement agents can view loans associated with their email address on the pipeline screen, providing quick access to all loans in process.
- Schedule Closing – In addition to scheduling, rescheduling, or canceling a closing date, a closing calendar takes into consideration current turn times and closing capacity.
- Retrieve & Upload Documents – Retrieve closing documents and upload executed package. View and upload other funding conditions.
The new functions are scheduled to launch in the middle of this month, with more updates to follow as the year progresses.