Sierra Pacific Mortgage Partners with Simplifile for TRID Solution

September 10, 2015

Sierra Pacific Mortgage recently selected Simplifile as its strategic partner and TRID solution provider, taking the next steps in meeting compliance requirements for the CFPB’s TILA-RESPA Integrated Disclosures (TRID) rule, which go into effect Oct. 3.

“Collaboration with closing agents is crucial to deliver accurate Closing Disclosures in a timely manner. Having this ability through Simplifile’s collaboration service promotes not only compliance but also good customer service,” said Jim Connell, chief information officer at Sierra Pacific Mortgage. “Simplifile is a well-designed solution with a clean interface that follows the Closing Disclosure (CD) format and will be easy for our staff to use. Simplifile also has a large market share that most settlement agents are already familiar with and have integrated into their platform. This was a real differentiator as we feel it will drive adoption of our process with numerous settlement agents across the country.”

Simplifile’s suite of services including Collaboration, E-recording, and Post Closing will enable Sierra Pacific and its network of settlement agents nationwide to securely share, validate, audit, track, record and collaborate on loan documents, data and fees to ensure compliance.

Simplifile’s TRID solution also enables lenders to share changes, updates, deficiencies and statuses with their settlement agents in one system, facilitating a fully auditable, more transparent process from loan application to recording to final title policy delivery.

“Simplifile’s integration also allows source data to be passed between our loan origination system (LOS) and the settlement agent’s platform, promoting data integrity,” Connell added.

Simplifile Collaboration and Post Closing are both free services to settlement agents. Interested agents can register online at simplifile.com/capc-registration/.

“It’s a good feeling to know that we are TRID-ready and that we can help make this transition to meeting the new regulations just a little bit easier for our lenders and settlement agents,” said Paul Clifford, president of Simplifile.


Contact ALTA at 202-296-3671 or communications@alta.org.

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