Qualia has added a new fee collaboration enhancement to its integration with Ellie Mae’s Encompass, the company announced.
Qualia said the fee collaboration enhancement will help mortgage lenders provide more accurate fee information to consumers and title companies to disburse matched fees in a timely manner. The company said the enhancement eliminates the manual, time-intensive processes that previously contributed to delays and human error.
“This new technical achievement allows lenders and the thousands of title and settlement agents across the country on Qualia to be one step closer to being able to offer a truly digital mortgage and home closing experience,” Qualia CEO Nate Baker said in a release. “This is no easy task. I’m extremely proud of the Qualia team for finally engineering a solution and grateful to our community of users for their guidance along the way.”
Qualia’s fee collaboration enables lenders and title companies to securely collaborate on Closing Disclosures, import fees and other data, instantly identify discrepancies, and seamlessly balance and match fees.