OneTrust Home Loans Chooses Simplifile for TRID Solution and Submits First Loan
PROVO, Utah (PRWEB) August 31, 2015 -- OneTrust Home Loans has chosen Simplifile as its partner and online service provider to collaborate with settlement agents and meet compliance requirements for the CFPB’s TILA-RESPA Integrated Disclosures (TRID) rule, which will take effect October 3. Last week, OneTrust successfully began submitting production files through Simplifile to their settlement agents.
“We’re pleased to be working with Simplifile and with the efforts they’ve made to ensure we are TRID-ready,” said Shane Erksine, president of OneTrust Home Loans. “One of the major reasons we chose Simplifile as our partner was their established network of settlement agents who are already using their services every day. We’re confident in their proven ability to provide an easy-to-use service with an intuitive interface that can successfully bridge the gap between multiple parties in the mortgage and real estate transaction.”
Simplifile’s collaboration, e-recording, and post closing services allow OneTrust to connect with settlement agents nationwide, making it easier for both parties to securely share, validate, audit, track, and collaborate on loan documents, data, and fees to ensure compliance.
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 and back.
“Instead of ‘flipping the switch’ on October 3, lenders like OneTrust are seeing the value in utilizing our collaboration service now,” said Nancy Alley, vice president of strategic planning at Simplifile. “By using the service now they are also helping their agents prepare and become familiar with the new processes prior to TRID. It’s been wonderful to work with OneTrust and witness their commitment to a world-class closing experience.”
Simplifile Collaboration and Post Closing are both free services to settlement agents, and interested agents can register online at simplifile.com/capc-registration/.
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.
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 OneTrust Home Loans
OneTrust Home Loans, headquartered in San Diego, CA, is a direct lender and servicer with a sales and operational footprint across the country. OneTrust provides the complete array of lending products including conventional, FHA, VA, USDA, jumbo, resort lending, and foreign national loan options. As a technology forward lender, OneTrust Home Loans maintains strategic national growth without compromising its market niche of fast and efficient loan closings. The ideal of Service is everything! is embodied in everything OneTrust does to ensure consumers close on that special home. For additional information please visit http://www.OneTrustHomeLoans.com or call 877.706.5856.
Anais Moody, Simplifile, http://www.simplifile.com, +1 801.223.1051, [email protected]
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