Country Bank Chooses Simplifile’s TRID Collaboration Solution

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In order to ensure compliance and meet the demands of the regulatory changes ahead, Country Bank has selected Simplifile’s Collaboration and Post Closing services as its TRID solution.

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Simplifile announces its partnership with Country Bank

Simplifile’s Collaboration and Post Closing portal provides the ideal solution for us to collaborate on these changes to meet the required timeframes.

Simplifile announced that Country Bank, a Massachusetts-based mutual savings bank with over $1.4 billion in assets, has chosen Simplifile as its TILA-RESPA Integrated Disclosures (TRID) collaboration solution.

“One of the biggest issues with TRID will be how lenders and settlement agents will communicate changes to various documents on a timely basis,” said Country Bank Loan Servicing Officer Robert Olivier. “Simplifile’s Collaboration and Post Closing portal provides the ideal solution for us to collaborate on these changes to meet the required timeframes. It’s extremely well-designed and easy to use, which is a huge benefit for both our staff as well as our settlement agents.”

Simplifile’s suite of services including Collaboration, E-recording, and Post Closing will connect Country Bank to its settlement agents and allow both parties to securely share, validate, audit, track, record, and collaborate on loan documents, data, and fees to ensure compliance.

“We already partnered with Simplifile on their e-recording solution for our servicing needs,” Olivier added. “We were very pleased with the increase in efficiencies we achieved using that product and the support that Simplifile provided to us. They have been very responsive to our needs and are committed to making sure that the Collaboration and Post Closing portal will help ensure that Country Bank is in compliance with the TRID regulations.”

Through Simplifile, Country Bank will also have the ability to share changes, updates, deficiencies, and statuses with their settlement agents in one system, facilitating a fully auditable, more transparent process from loan application through automated delivery of the final title policy.

Simplifile Collaboration and Post Closing are both free services to settlement agents. Interested agents can register online at simplifile.com/capc-registration/.

“We’re excited to be working with Country Bank and to provide them with a solution that is TRID-ready,” said Paul Clifford, president of Simplifile. “We share the same community-focused mentality and look forward to continuing to support Country Bank with our new services and in serving the needs of their local communities.”

Since 2000, Simplifile has grown the nation’s largest e-recording network. Over 17,000 settlement companies, ranging from small independent agents and attorneys to large title offices, use Simplifile daily to e-record documents in more than 1,280 counties nationwide. With the addition of its Collaboration and Post Closing services, Simplifile has revolutionized the online real estate transaction.

For more information about Simplifile’s services, visit simplifile.com or call 800-460-5657.

About Simplifile

Simplifile is a rapidly-growing, online service that connects lenders, settlement agents, and counties. Since 2000, Simplifile has grown the nation’s largest e-recording network, which has transformed the title and real estate industry. From e-recording to document sharing, collaboration, and post closing, Simplifile offers an array of services in one place to help users securely record, share, and track documents, data, and fees with ease. To learn more, visit simplifile.com or call 800-460-5657.

About Country Bank

Country Bank is an independent full-service, community-focused financial institution with over $1.4 billion in assets. This mutual bank has been dedicated to supporting and enriching their communities since 1850. Country Bank has 15 locations throughout Worcester, Hampden and Hampshire Counties that have devoted employees to provide each customer with the personal attention they deserve. They are smaller than the regional banks so they can provide personal service with local management and decision making. Visit countrybank.com or call 800-322-8233 for more information.

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Anais Moody
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