Simplifile , a provider of real estate document collaboration and recording technologies for lenders, settlement agents, and counties, announced that Freedom Mortgage has joined its network of mortgage lenders. Freedom Mortgage will be using the Simplifile Collaboration service in its wholesale division.
Mike Graham, VP of National TPO Operations at Freedom Mortgage, is looking forward to working with a more efficient method to go through the closing process. “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,” he said. ”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 settlement partners via a protected platform and provides clarity into settlement partner processes. The system also automatically notes file changes, updates, deficiencies, and statuses to craft an audit-ready compliance trail, according to the press release .
Paul Clifford, President of Simplifile, said that Simplifile will spark lenders and providers to hold more conversations regarding the closing process. “The importance of true collaboration between lenders and settlement providers in the post-TRID era cannot be overstated,” he said. “By facilitating direct, real-time interaction, Simplifile Collaboration provides a consistent, secure, auditable means of completing key mortgage loan documents in accordance with TRID.”