SettlementPro TM is a patent-pending, revolutionary approach to mortgage loan closing practices. It transforms the closing preparation and ceremony process, one that has not changed in many years, to help deter closing table fraud, by identifying closing participants, registering closing agents, and providing timely and comprehensive reports of closing details in the event of a loss.
Our web-based data collection, reporting and warehousing system offers:
- A transparent, customizable, private-label ready format. Lender's confidential information remains conidential.
- A uniform data collection process prior to closing.
- A secure source for closing agents to register, upload and store key documents and information.
- Efficient, instant downloadable reports for later reference provide a complete “snapshot” of closing table details.
- Automatic notification (a customizable option) triggered by your company's red flag issues and internal exclusionary lists.
- Customization and enhancements that can add settlement agent and transaction detail verification, interface with internal loan data and public information cross-reference matrix as an add-on data validation feature.
- Adaptable for use as pre-wiring verification and authorization process. Lenders know where their money is going.
- One time registration/license fee, nominal transaction and report fees, helps reduce levels of fraud that chip away at lender profitability through increased compliance and servicing costs. Pays for itself in reduced manpower requirements and mortgage fraud deterrence.
- A mortgage fraud blog and industry partner links for educational and professional services.
We provide the technology...you get access to real time closing data and closing fraud protections in a transparent, private label, web-based format.