Module Three:
Settlement Services Order Management
Multiple providers, multiple systems – who has time for that? FirstClose Equity’s Order Management module seamlessly integrates into your workflow and connects you with vendors currently offering the critical settlement services needed to close a home equity transaction including valuation, flood, title and closing.
Once the basic loan file data is in the LOS – either from a point-of-sale or manual entry – simply select the FirstClose Equity Order Management service to open a loan centric view. All the loan data required to complete the order is prepopulated from the LOS. With FirstClose, you don’t need to rely on inefficient phone calls, emails and faxes. Your team can create an order “on demand” and settlement providers accept it. Both parties can schedule appointments, send messages back and forth, and upload documents that are needed to complete the transaction.
- Vendors are selected based on your business rules
- Administrators can auto assign vendors by product, loan type and geography.
- Ordering can be done as Ala-Carte, One-Click and/or Automated Ordering.
- Modify settlement providers to speed up the transaction and reduce risk.
- Connect to all parties involved in the ordering process while reducing phone calls, emails and faxes.
- All documents flow to your LOS’ eFolder of choice while data flows to the right data field, including custom fields.
- Dashboards allow you to view open, closed, all orders or those pending action quickly and easily.
- Standard reports let you monitor statuses, score providers and more to improve vendor relationships and instill borrower confidence.
