ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced the release of SmartEngine, an advanced rate management solution that enables title organizations to collect and manage their specific rate and fee data. With this solution, title companies can centralize data processing and connect their rate and fee data to any third-party system, including title production systems, websites and ClosingCorp’s SmartFees, and SmartCalc products to reliably exchange information to produce estimates.
“SmartEngine provides title companies and lenders of all sizes a streamlined solution that can optimize the closing cost quoting process and effectively leverage rate/fee,” said Bob Jennings, CEO of ClosingCorp.
SmartEngine enables companies to centralize disparate, often outdated rate management tasks, including the administration of tables, templates or other systems, and optimize the overall closing process. The software as a service (SaaS) solution was designed specifically for underwriters and title companies seeking to create and manage special lender pricing, as well as standard rates for lender use nationwide. This advanced rate and fee management solution also enables lenders to connect to their service providers and reliably exchange information real-time—improving speed, accuracy, and compliance with regulations, as well as their own internal processes.
“We are committed to investing in and developing a best-in-class suite of products and services for our clients,” said Jennings.