[1]ValuAmerica, Inc., [2] a national title agency, appraisal management company and technology provider, recently announced that the company has teamed up with Black Knight Financial Services, Inc. [3], a provider of integrated technology, data and analytics to the mortgage and real estate industries, to provide a fully integrated loan closing solution for lenders.
The announcement noted that ValuAmerica's ValuNet xsp platform will be combined with the LoanSphere Closing Insight application from RealEC Technologies, a division of Black Knight.
“The integration will create an efficient and secure electronic method of communicating with any lender using Closing Insight while producing the Closing Disclosure," said Shawn Murphy, EVP of ValuAmerica. "By using the closing collaboration data transfer, the analytics, change tracking and systemic documentation will help keep all parties informed and in sync on a real-time basis."
According to ValuAmerica, Closing Insight is an online platform that automates the loan closing process. This will allow lender and settlement agent data to join, streamlining the reconciliation of fees for final loan closing disclosures.
Lenders and settlement agents will now be able to produce and review disclosure documents, helping them meet loan-closing timeline requirements, and electronically fulfill title, closing, and document signing orders.
“The integration with ValuAmerica’s ValuNet xsp platform furthers Black Knight’s efforts to drive a more seamless mortgage process through the use of Closing Insight,” said Gerardo Caceres, SVP of Client Delivery and Regulatory Strategy for RealEC Technologies. “We are pleased to offer Closing Insight’s efficiency and risk management tools to ValuAmerica’s clients.”