Simplifile has demonstrated an excellent vision for their platform and the talent to execute it. They have been responsive in listening to input from lenders and adapting their platform to create a better product.
PROVO, Utah (PRWEB) September 08, 2015
Sierra Pacific Mortgage, one of the nation’s leading private lenders, has selected Simplifile as its strategic partner and TRID solution provider, taking the next steps in meeting compliance requirements for the CFPB’s TILA-RESPA Integrated Disclosures (TRID) rule, which will take effect October 3.
“Collaboration with closing agents is crucial to deliver accurate Closing Disclosures in a timely manner. Having this ability through Simplifile’s collaboration service promotes not only compliance but also good customer service,” said Jim Connell, Chief Information Officer at Sierra Pacific Mortgage. “Simplifile is a well-designed solution with a clean interface that follows the Closing Disclosure (CD) format and will be easy for our staff to use. Simplifile also has a large market share that most settlement agents are already familiar with and have integrated into their platform. This was a real differentiator as we feel it will drive adoption of our process with numerous settlement agents across the country.”
Simplifile’s suite of services including Collaboration, E-recording, and Post Closing will enable Sierra Pacific and its network of settlement agents nationwide to securely share, validate, audit, track, record, and collaborate on loan documents, data, and fees to ensure compliance.
“Simplifile has demonstrated an excellent vision for their platform and the talent to execute it. They have been responsive in listening to input from lenders and adapting their platform to create a better product,” Connell said. “We view Simplifile as a strategic partner.”
Simplifile also enables lenders to share changes, updates, deficiencies, and statuses with their settlement agents in one system, facilitating a fully auditable, more transparent process from loan application to recording to final title policy delivery.
“Simplifile’s integration also allows source data to be passed between our loan origination system (LOS) and the settlement agent’s platform, promoting data integrity,” Connell added.
Simplifile Collaboration and Post Closing are both free services to settlement agents. Interested agents can register online at simplifile.com/capc-registration/.
“It’s a good feeling to know that we are TRID-ready and that we can help make this transition to meeting the new regulations just a little bit easier for our lenders and settlement agents,” said Paul Clifford, president of Simplifile.
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, already use Simplifile to e-record documents in more than 1,275 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.
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 Sierra Pacific Mortgage
Sierra Pacific Mortgage is a leading national mortgage banking company, based in Folsom, CA and serving the retail, wholesale and correspondent mortgage banking markets in 48 states through 7 regional fulfillment centers. Sierra Pacific’s mission is to deliver consistent, competitive pricing, and to provide its customers the finest experience through streamlined systems, the best industry tools, effective communication, and superior customer service with every branch, every day.
Sierra Pacific Mortgage, 1180 Iron Point Road, Suite 200, Folsom, CA 95630.
Phone: (916) 932-1700.