ClosingCorp’s SmartFees solution now is integrated with the Blue Sage Digital Lending Platform, the companies announced.
The integration enables lenders to manage rates and fees through SmartFees without leaving the Blue Sage Lending Platform.
“In today’s highly competitive mortgage market, more lenders are turning to automation to accelerate the origination process,” ClosingCorp CEO Bob Jennings said in a release. “Lenders that choose to leverage our fee automation solution within Blue Sage will be able to provide customers with a faster, more fluid experience — giving them a competitive advantage.”
Blue Sage said its unique application programming interfaces make interoperability between third-party technology providers seamless.
“At Blue Sage, our mission is to empower lenders with modern, best-in-class technology to streamline the mortgage process, regardless of their preferred channel of business,” Blue Sage CEO Joe Langner said. “Our automated, ‘lights out’ integration with ClosingCorp’s SmartFees reinforces this mission by giving lenders direct access to the most accurate closing cost data available while eliminating the time-consuming tasks of
manual data entry and traditional ‘stare and compare’ methods of verifying fees for accuracy.
“Our integration also enables fees to be recalculated and repopulated
in loan applications automatically, which is particularly helpful for many specialty loan products that require additional data,” Langner added. “And it allows the SmartFees Transaction Detail report with the ClosingCorp guarantee to be automatically returned to the documents folder — delivering a level of process automation other platforms cannot provide.”