Lenders and settlement agents need a collaborative solution that is fast, secure, and paperless.
The Capsilon DocVelocity Collaborative Closing Center™ is a secure solution that enables lenders to collaborate electronically with settlement agents to speed the mortgage loan closing process and reduce costs while ensuring regulatory compliance. Using the Collaborative Closing Center, lenders can quickly obtain, exchange and validate loan documents and fee data with settlement agents, and electronically deliver disclosure documents to borrowers.
Capsilon DocVelocity Collaborative Closing Center:
Gives lenders control of the Closing Disclosure creation process, from initiating electronic collaboration with settlement agents to creation and distribution of the final Closing Disclosure
Automates TRID tolerance checks, automatically calculates Costs to Cure when tolerance limits are exceeded, and tracks all versions of Loan Estimates and Closing Disclosures to help ensure compliance
Improves lender and settlement agent collaboration by enabling secure, electronic exchange of fee data and loan documents throughout the closing process
Increases efficiency of collecting and validating Closing Disclosure data from multiple sources including document preparation service providers, settlement agents, and other authorized third party partners