ClosingCorp’s SmartFees service has been integrated into Wipro Gallagher Solutions’ (WGS) loan origination platform, the companies announced.
The integration will enable lenders using Wipro’s NetOxygen LOS platform to access SmartFees’ real-time third-party provider rates and fees covering over 20,000 service providers.
“Integrating our configurable fee solution with Wipro enables a compliant environment while creating a much more efficient and transparent experience across the board,” ClosingCorp CEO Bob Jennings said in a release. “Our mutual customers will find this integration makes it easier than ever for them to move loans forward with fewer manual touches — reducing operating costs, mitigating risk and further improving the consumer experience.”
SmartFees integrates loan file information, transfer tax and recording data, service provider fees from more than 70,000 rate cards, and lender business rules and requirements into a single process and platform.
“This integration enables our NetOxygen LOS to provide our clients with easily delivered real-time, accurate rates and fees for loan estimates and closing documents while streamlining the lender’s workflow,” Wipro Head of Product Management and Strategy Scott Dunn said. “Being able to leverage SmartFees will also enhance our ability to deliver a higher, dependable level of compliance while lowering our exposure to potential TRID violations from the beginning of the loan origination cycle.”