Qualia has launched a new tool designed to streamline lender’s transactions during the closing and post-closing process, the company announced.
Qualia said its introduction of Qualia Post signals it expansion from closing services in the title industry into the mortgage industry. Qualia’s announcement was made during its Future of Real Estate Summit in Austin, Texas.
The company said Qualia Post integrates with the lender’s loan origination system (LOS) and automates the post-closing process for lenders all within a secure portal.
“While most real estate technology companies are focused on the beginning of the home buying process, such as the home search for consumers or generating leads for real estate agents, we are committed to making the historically complicated closing process easier from start to finish,” Qualia co-founder and Chief Technology Officer Joel Gottsegen said in a press release. “Toward that goal, Qualia Post streamlines the post-closing process, reducing the workload burden caused by outdated, manual processes and makes it easier for two key partners in the real estate transaction - title companies and lenders - to collaborate more efficiently.”
The company said lenders using Qualia Post have reported reducing the amount of time they need to work on the post-closing operations of each transaction by 25 percent.
“Qualia is a game changer for our mortgage operations,” American Federal Mortgage Co. Vice President Andrew McElroy said. “We’ve gained back critical time to focus on superior customer service and winning new business.”
With Qualia Post, lenders can automatically collect digital and physical trailing documents across all their title company partners. Title companies receive automated email reminders to share documents, and lenders can review the status of all their requests in one place without ever leaving their LOS workflow.