ClosingCorp Improves SmartGFE User Experience with Single Sign-on Access Through Ellie Mae’s Encompass
Closing Cost Data Firm Creates Additional Efficiency in Accessing Systems, Information
LA JOLLA, Calif.--(BUSINESS WIRE)--ClosingCorp, a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, has enhanced its SmartGFE service to include single sign-on capability for clients using Ellie Mae’s Encompass® mortgage management solution to improve the user experience and increase productivity.
“ClosingCorp continues to provide the industry with systems that meet its specific needs for data in a secure and compliant format, while giving originators the tools they require to be competitive in any market”
Single sign-on provides access to multiple related but independent systems, in this case SmartGFE and Encompass. Users gain access to both systems by logging into any version of Encompass without being prompted to login separately to SmartGFE, which saves the user time and enables a seamless “one system” workflow.
“Every opportunity to decrease the time our users spend accessing information between different systems can translate into making them more efficient,” said Tim Armbruster, CTO and senior vice president at ClosingCorp. “Encompass users will benefit from this seamless, more efficient workflow created by the automated login.”
The single sign-on feature enables Encompass users to gain access to accurate GFE data for Blocks 3-8; cost estimates are based on the property address in the loan file as well as the lender’s business rules and preferred providers. Data derived from SmartGFE is guaranteed RESPA compliant, and each loan file includes a compliance certificate and comprehensive audit trail that tracks all changes in circumstance as well as fees.
The enhanced SmartGFE provides automated user management functionality, which relieves system administrators from creating and managing user accounts. The system also includes the ability to output a list of local housing counselors to address one of the new qualified mortgage (QM) rules recently mandated by the Consumer Financial Protection Bureau (CFPB).
“ClosingCorp continues to provide the industry with systems that meet its specific needs for data in a secure and compliant format, while giving originators the tools they require to be competitive in any market,” Armbruster added.
ClosingCorp is a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers to save them time and money on residential real estate transactions. Through its network of more than 12,000 real estate service providers, the company maintains the most comprehensive database of up-to-date closing costs, including recording fees and transfer taxes, for all residential properties in America. This valuable data is delivered quickly and efficiently to clients via ClosingCorp’s innovative technologies, such as SmartGFE®, SmartGFE® Calculator, SmartOrder℠, DART℠ and Closing.com. To learn more visit www.closing.com.
Ellie Mae® and Encompass® are registered trademarks or trademarks of Ellie Mae, Inc.