IRVINE, Calif., May 30, 2019 /PRNewswire-PRWeb/ -- Mortgage Coach, a provider of enterprise online and mobile applications designed to improve mortgage borrower conversions, has completed an integration with SmartFees® from ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries.
The Mortgage Coach Total Cost Analysis (TCA) is a multi-platform solution that allows loan officers to share and compare purchase and refinance loan options with potential borrowers. ClosingCorp's SmartFees provides real-time, third-party provider rates and fees from over 20,000 service providers in the ClosingCorp Network. With this integration, hundreds of detailed line item fees will be instantly available in the Mortgage Coach TCA. This will allow loan officers to better educate prospects by providing them with accurate rates and fees for every type of loan option—and ultimately help convert those prospects into customers.
"Historically, fee management has been challenging for the mortgage industry. Lenders that prioritize ease of use and accuracy have had only a select group of elite third-party data providers to choose from," said Joe Puthur, President of Mortgage Coach. "Today, nearly 50 percent of Mortgage Coach enterprise clients choose to put their trust in ClosingCorp to manage all aspects of these required fees. Using ClosingCorp SmartFees, Mortgage Coach clients can instantly populate all available fees of each specific loan option within any Total Cost Analysis, saving precious time for thousands of our users."
Finance of America Mortgage, a national, full-service mortgage banker offering a diverse portfolio of home loan products, is currently using the Mortgage Coach TCA and ClosingCorp SmartFees. "Having instant fee information available earlier in the mortgage process, allows our loan officers to provide faster service and detailed insight for any prospect. The Mortgage Coach platform enhanced with ClosingCorp's data supports our wide array of loan products and fee rules, making everyone more efficient and productive," said Dan Catinella SVP, Director of Business Technology for Finance of America Mortgage.
"For lenders looking to improve productivity and reduce regulatory risk, having innovative technology in place that delivers greater cost transparency is a necessity. Our integration with the Mortgage Coach TCA provides these benefits instantly," said Gerardo Caceres, SVP of Operations & Product Management at ClosingCorp. "By populating real-time fee information for every type of loan scenario, together we ensure loan officers can better advise customers and those customers can be confident that they're making an informed decision."
As independent lenders, banks, and credit unions diversify their loan products, accuracy and advice have never been more important. Lenders choosing the Mortgage Coach TCA can now use ClosingCorp SmartFees for unparalleled transparency to create an instant competitive advantage.
The Mortgage Coach/ClosingCorp integration is available now. Visit http://www.mortgagecoach.com/closingcorp to learn more about how this integration allows lenders to leverage instant fee automation to improve borrower conversion.
About Mortgage Coach
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting http://www.mortgagecoach.com or contacting sales(at)mortgagecoach(dot)com.
About ClosingCorp
Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit http://www.closing.com.
SOURCE Mortgage Coach
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