ClosingCorp’s SmartFees recently was selected by Stearns Lending, LLC, one of the country’s top 10 mortgage lenders, its rate and fee data solution.
SmartFees provides more than 4,000 Stearns brokers with vendor-verified rate and fee data from thousands of service providers located throughout the nation, according to a ClosingCorp press release.
SmartFees integrates loan file information, transfer tax and recording data, service provider fees from more than 70,000 rate cards, and lender business rules and requirements into a single, seamless process and platform — allowing clients to originate mortgages confidently and compliantly.
“The ClosingCorp service allows our brokers to generate actual rate and fee data from the providers we currently do business with,” Stearns Lending Chief Information Officer Uday Devalla said in the release. “We expect our cycle time to be faster and interactions with our service providers to be much more efficient, which will ultimately enhance the overall borrower experience.”
“Stearns Lending’s choice of our solution is further evidence of our unique capabilities to assist mortgage lenders in adapting their business to meet new and emerging consumer demands, as well as their need to lend more efficiently and compliantly,” ClosingCorp. CEO Bob Jennings said. “Borrowers expect a transparent, real-time process that’s highly accurate and is consistent from the quote to what’s required at the closing table.”