Finance of America Mortgage (FAM) has selected Closepin’s cloud-based platform to streamline approvals and verifications of its network of third-party settlement and closing agents.
“Finance of America Mortgage is thrilled to partner with Closepin and its innovative cloud-based technology platform to continue to reduce risk and drive efficiencies,” FAM President Bill Dallas said in a release. “We’re committed to using a mix of innovation, education and technology to drive how we develop and offer new products and services that work for our employees, customers and business partners. Using Closepin’s platform builds upon that commitment and will further enable that priority.”
Closepin’s automated platform simplifies the closing process for consumers, lenders and closing agents. Through their online Closepin profile, settlement agents ensure accurate information is provided to FAM and any lender with whom they close loans. This saves the settlement agent time and effort with compliance approvals and ensures verified and accurate data is used in the origination process.
“We are very excited to partner with the Finance of America Mortgage team and bring another top lender onto our platform,” Closepin Senior Vice President Brian Ostrowiak said. “Our goal is to take this key step in the pre-closing process and make it as easy as possible for settlement agents, while giving lenders the accurate data needed for processing and risk mitigation.”