“If you weren’t using something like a ClosingCorp to get your fees, you probably really need to do that now.”
—Jonathan Corr, Chief Executive Officer of Ellie Mae
With actual vendor verified rate and fees for sections C, E, H and appraisal in block B on the Loan Estimate, ClosingCorp delivers a service that’s customizable to your business rules and most importantly – integrated with Ellie Mae® Encompass®. This integration enables customers of Ellie Mae’s Encompass to access ClosingCorp SmartFees for real-time estimate creation—directly from your Encompass software. Access between the two solutions is seamless.
Features
Fully-managed, verified rates and fees from thousands of providers – with the ability to add your preferred providers with preferred pricing
Standardized fee mapping across all providers
Accurate recording fees and transfer taxes with alerts should transfer taxes or other increases take effect
Comprehensive audit trail for change-in-circumstance tracking
Order and receive closing services and fees
ClosingCorp guarantee to meet the demands of zero variance for affiliates and non-shoppable services like AMC
Benefits
Eliminate dependencies on templates and tables
Reduce tolerance violations
Decrease buybacks
Increase efficiency
Boost productivity
Widely used by some of the largest lenders in the nation, ClosingCorp partners with its clients to capture, manage and guarantee provider rates and fees. Through the integration, ClosingCorp is merging Encompass’ comprehensive and robust mortgage management capabilities with its industry leading network and third-party risk management solution to produce stronger business connections.
Mortgage lenders who want to provide a better borrower experience, increase productivity, eliminate dependencies on tables and templates, reduce variance violations and close more loans with confidence turn to ClosingCorp.
“The integration of these powerful technologies has helped increase our productivity and efficiency, while complementing our primary focus of providing a superior customer experience.”
—Tier Two Lender Located in the Midwest using Ellie Mae Encompass
“ClosingCorp is honored to receive the Ellie Mae Lenders’ Choice award. It is especially gratifying to know that our lender clients recognize our commitment to providing timely, accurate and transparent results to optimize the closing process and overall consumer experience.”
—Bob Jennings, CEO ClosingCorp
“As a lender, you have to spend some time up front, working with the SmartFees team to get the mapping done correctly. For example, if you are going to itemize fees at closing, you have to itemize them in your LE; if you are going to provide a lump sum fee at the end, you have to do the same in the beginning. If you think through how you want to handle things up front, and set SmartFees up that way, the system works flawlessly.”
—Scott Reed, Executive Vice President, Carrington Mortgage Services, LLC.
The Ellie Mae Hall of Fame recognizes the best and brightest companies who use Ellie Mae’s Encompass all-in-one mortgage management solution. The Lenders’ Choice Award is the only award given to a service provider. Lenders utilizing Ellie Mae Encompass nominate the service providers they feel utilize the platform to its fullest capacity to allow lenders to excel. Top nominees are then voted on by lenders for the final selection.