By Jerry Bribiesca posted on May 1st 2015
With Bank of America and Wells Fargo announcing that they will produce the Closing Disclosure, most banks will follow in their footsteps. How will you get the Settlement Agents data? Emails that get buried in their inbox? Faxes that you can't read clearly? How about an integrated solution that allows you to collaborate with settlement agents in real time? PPDocs, inc. has developed a solution that allows the Lenders to send an invitation to any settlement agent to input their fees.
All we need is an email address and you are ready to stay compliant with the new rule. No special software is needed, no need to get your IT department involved. We do all the heavy lifting.
Settlement Agents, or anyone else you want to collaborate with will receive an email that will give them access to the collaboration.
From there, all they need to know is a few things about the loan and they are on their way to collaborate.
We know our site is easy to navigate, but we take it one step further with an online video showing the invitee exactly what to do.
Already have the data in your system? As long as you can export a MISMO file, we can take that file and input the information for you! Don’t worry! We will let you export it back into your system once the collaboration is approved by the lender.
Once the settlement agents have submitted their proposed changes, the lender will receive an email detailing what has changed and options to accept or reject those changes.
Settlement Agents will receive a detailed report of what was accepted and rejected.
With our collaboration tool, our goal from the beginning was to make it as easy as possible. No need for costly training, and IT infrastructure changes.
All of this is available now on our site for testing.