Title technology provider VizionX has launched its premier offering, VizionX Fees, within their Xchange platform.
VizionX Fees is a closing cost calculator with instant access to the current data of numerous national title insurance companies.
“We’ve heard that there has been an erosion of the client service levels of some of the largest tech providers in the mortgage and title technology space, resulting in slower response rates,” VizionX President Kevin Mazur said in a release. “But, at a time when accurate data is no longer a luxury, but a necessity for loan officers seeking to compete in their markets, there’s no time to wait on provider updates or slow turn times in general. That’s why a priority on service is one of VizionX’s foundational principles.”
Leaders said Xchange’s access to updated fee data of multiple national title underwriters ensures that users receive accurate title, closing, recording and other vendor fees for TRID-mandated loan estimates or closing fee estimates.
VizionX Fees also allows loan officers to create branded fee estimates and lets users instantly see all service provider fees within a specific geographic market. Additionally, Xchange integrates with several popular LOS technologies such as Encompass by ICE Mortgage Technology, for workflow efficiency.
According to Mazur, VizionX Fees also allows users to update closing fee data themselves, sidestepping wait times.