ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today announced that ithas integrated its SmartFees®service with Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software (LOS) solutions. This integration will now provide lenders using Wipro’s NetOxygen LOS platform with instant access to SmartFees’ real-time third-party provider rates and fees covering over 20,000 service providers.
ClosingCorp’s 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, seamless process and platform—allowing clients to originate mortgages confidently and compliantly.
“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,” said Scott Dunn, Head of Product Management and Strategy, Wipro Gallagher Solutions, Wipro Limited. “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.”
“Integrating our configurable fee solution with Wipro enables a compliant environment while creating a much more efficient and transparent experience across the board,” said Bob Jennings, CEO of ClosingCorp. “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.”