MReport April 2017

TheMReport — News and strategies for the evolving mortgage marketplace.

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TH E M R EP O RT | 35 SPECIAL ADVERTISING SECTION // TECHNOLOGY COMPANY GUIDE CORPORATE PROFILE ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technology, and strong alliances, the company delivers timely, accurate, and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals. COMPANY HISTORY Founded in 2006, ClosingCorp was the first web-based, data technology provider to create a nationwide network of service providers that captures and manages up-to-date title and settlement fees, real estate services costs, recording fees, and transfer taxes for all residential properties in America. Today, ClosingCorp is the leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries. BUSINESS LINES, SERVICES, AND PRODUCTS ClosingCorp provides fully managed, vendor-verified rates and fees from thousands of unique real estate service providers, covering every geographic area in the nation. The company's proprietary data is directly integrated into leading title and loan origination systems and dozens of proprietary solutions allowing loan officers to produce accurate and compliant loan estimates backed by the ClosingCorp Guarantee. KEY FEATURES/BENEFITS To help lenders comply with the TILA-RESPA Integrated Disclosure (TRID) rules, ClosingCorp introduced the SmartFees service (formerly SmartGFE). SmartFees integrates loan file information, transfer tax and recording data, service provider fees, and lender business rules and requirements into a single, seamless process and platform. Unlike other solutions, SmartFees produces actual fee data from more than 70,000 rate cards—not estimates—through the ClosingCorp Network. The network delivers nationwide coverage and is comprised of 20,000 individual service providers covering more than thirty service categories such as title, settlement, appraisal, inspections, and engineering. LEs that are created using ClosingCorp solutions come with a complete audit trail from the original quote given to a borrower to subsequent LEs that are revised due to a change in circumstance. Available to retail, correspondent, or wholesale lenders nationwide, SmartFees delivers the most accurate e closing cost data—which is backed by the ClosingCorp Guarantee. COMPETITIVE ADVANTAGE Unlike its competitors, ClosingCorp empowers its clients with actual data—not averages or estimates. This includes provider verified rates, current recording fees, and transfer tax data. Nothing is more accurate than actual—actual numbers will guarantee compliance, eliminate costly tolerance violations, increase efficiencies, and enhance the overall borrower experience. ADDED VALUE TO CLIENTS Through the company's numerous integrations with leading title and loan origination systems and dozens of proprietary solutions, ClosingCorp is able to deliver the most accurate and reliable closing cost data needed to retail, correspondent, or wholesale lenders nationwide backed by the ClosingCorp Guarantee, which meets the demands of zero variances for affiliates and non-shoppable services like appraisal management companies (AMC). KEYS TO SUCCESS ClosingCorp focusing on its core solution to maintain company success. SmartGFE was introduced during the Dodd-Frank era and has quickly become a staple in loan origination shops nationwide. The company is expanding upon that— to make SmartFees the industry's BEST closing cost solution. ClosingCorp will be focusing on usability, the overall borrower experience, and other critical items to help its client forge ahead with confidence. INDUSTRY AWARDS, ACCOLADES, AND MILESTONES • 2017 Ellie Mae Hall of Fame Lenders' Choice Award Winner, Best Service Provider • 2016 MReport Women of Impact: Kim Mitchell • 2016 Ellie Mae "Lender's Choice" award nomi - nee, Best Service Provider "Unlike other options in the market, the ClosingCorp service allows lenders to generate actual rate and fee data from the providers they currently do business with, as well as others from across the country." —Lionel Urban, CEO of PCLender ClosingCorp KEY PERSONNEL Bob Jennings CEO James Bolger CFO Gerardo Caceres SVP, Data Operations & Product Management Carol Crawford SVP, Marketing Craig Austin SVP, Sales & Business Development STAFFING Employees: 75 CONTACT INFORMATION San Diego, CA Phone: 858.551.1500 Website:

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