ClosingCorp,
a leading provider of residential real estate closing cost data and
technology for the mortgage and real estate services industries,
announced its SmartFees®
solution is now integrated with the Blue
Sage Digital Lending Platform, the mortgage industry’s only
browser-based, end-to-end mortgage platform, thereby creating process
automation other platforms cannot provide.
ClosingCorp’s SmartFees delivers actual, real-time rates and fees from
more than 20,000 individual service providers, including title,
settlement and appraisal companies, to populate the appropriate mortgage
disclosures. With this integration, lenders are able to manage rates and
fees from SmartFees without ever leaving the Blue Sage Lending Platform,
which handles pricing, underwriting, closing, funding and post-closing
for all mortgage channels—retail, wholesale, correspondent, and consumer
direct. The integration leverages Blue Sage’s unique application
programming interfaces (APIs), making interoperability between
third-party technology providers completely seamless.
“In today’s highly competitive mortgage market, more lenders are turning
to automation to accelerate the origination process,” said Bob Jennings,
chief executive officer of ClosingCorp. “Lenders that choose to leverage
our fee automation solution within Blue Sage will be able to provide
customers with a faster, more fluid experience—giving them a competitive
advantage.”
“At Blue Sage, our mission is to empower lenders with modern,
best-in-class technology to streamline the mortgage process, regardless
of their preferred channel of business,” said Joe Langner, CEO of Blue
Sage. “Our automated, ‘lights out’ integration with ClosingCorp’s
SmartFees reinforces this mission by giving lenders direct access to the
most accurate closing cost data available while eliminating the
time-consuming tasks of manual data entry and traditional ‘stare and
compare’ methods of verifying fees for accuracy.”
Langner added, “Our integration also enables fees to be recalculated and
repopulated in loan applications automatically, which is particularly
helpful for many specialty loan products that require additional data.
And it allows the SmartFees Transaction Detail report with the
ClosingCorp guarantee to be automatically returned to the documents
folder—delivering a level of process automation other platforms cannot
provide.”
About ClosingCorp
Headquartered in San Diego, Calif., ClosingCorp owns and operates the
premier source of intelligence for closing costs and service providers
in the U.S. residential real estate industry. Through innovative
solutions, progressive technologies and strong alliances, the company
delivers timely, accurate and transparent results that help optimize
closing processes and services for mortgage lenders, title and
settlement companies and real estate professionals. Clients rely on
ClosingCorp to help improve efficiencies and mitigate risk. For more
information, please visit www.closing.com.
About Blue Sage
Blue Sage is an innovative, cloud-based
digital lending platform for retail, wholesale and correspondent
lenders that provides a superior lending experience for every borrower.
The company’s technology is 100% browser-based and provides end-to-end
functionality for the entire lending and fulfillment process, regardless
of channel. All Blue Sage solutions include mobile applications and are
delivered through a secure, fully managed cloud service. The company’s
technology was developed over the past four years by the founders of
Palisades Technology Partners, developers of Impact, the first
end-to-end web-based loan platform which was used by five of the 10
largest U.S. originators. Blue Sage Solutions is headquartered in
Englewood Cliffs, New Jersey. For more information, visit www.bluesageusa.com.
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