ClosingCorp Introduces New Rate Engine for Title Companies

June 6, 2017

ClosingCorp released an advanced rate management solution that enables title organizations to collect and manage their specific rate and fee data.

With SmartEngine, ClosingCorp said title companies can centralize data processing and connect their rate and fee data to any third-party system, including title production systems, websites and ClosingCorp’s SmartFees and SmartCalc products to reliably exchange information to produce estimates.

SmartEngine, which is based on ClosingCorp’s proprietary rates management solution, enables companies to centralize disparate, often outdated rate management tasks, including the administration of tables, templates or other systems, and optimize the overall closing process. The software as a service (SAAS) solution was designed specifically for underwriters and title companies seeking to create and manage special lender pricing, as well as standard rates for lender use nationwide. This advanced rate and fee management solution also enables lenders to connect to their service providers and reliably exchange information real-time—improving speed, accuracy, and compliance with regulations, as well as their own internal processes.

“We are committed to investing in and developing a best-in-class suite of products and services for our clients,” said Bob Jennings, chief executive officer of ClosingCorp. “SmartEngine provides title companies and lenders of all sizes a streamlined solution that can optimize the closing cost quoting process and effectively leverage rate/fee information—ultimately improving productivity, profitability and customer service.”

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North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.