A new tool from WFG Enterprise Solutions aims to give mortgage lenders and brokers an instant overview of the history and status of each open loan, as well as the remaining steps to get to the closing table.
WFG’s MyHome Funder dashboard minimizes the back and forth that often ensues when balancing files for disbursement, by providing a balance that includes fees that escrow agents expect the lender to keep on track. funding.
“Repeated requests and late responses threaten a secure and on-time close,” Dan Bailey, senior vice president of WFG Enterprise Solutions and WFG Lender Services, said in a statement. “The first and best way to avoid this is to make sure everyone is on the same page, which is exactly what MyHome Funder Dashboard does.”
My Home Funder Dashboard facilitates direct communication with the Escrow Agent for each loan, also provides the name of the notary, location and time of signing, registration information and access to the signed loan file and documents. conditions immediately after the borrower’s signature.
The tool also gives participants pre-approval of registration and disbursement based on a review of funding envelope and balance amounts, and supports multiple donors who receive their own credentials.
WFG Enterprise Solutions and WFG Lender Services are part of the Williston Financial Group (WFG) family of companies.
WFG operates three business divisions: Direct Company Owned Securities Operations, Agency Operations and Enterprise Solutions.
- WFG National Title Insurance Company is a licensed title insurer in 49 states.
- WFG Lenders Services is a centralized provider of securities, closing and settlement services for mortgage lenders nationwide.
- WFG Enterprise Solutions includes WFG Lender Services and Valutrust Solutions, WFG’s national assessment and assessment management services company. WFG NTIC Default Title Services, the fiduciary guarantee and default title services division of WFG, is also part of WFG Enterprise Solutions.
WFG says the MyHome Funder dashboard builds on its success with WFG National Title Insurance’s MyHome portal and mobile app, which coordinates the roles of all parties involved in residential real estate transactions.
Other tools developed by WFG to increase collaboration and transparency include DecisionPoint, a title status decision engine that determines title clearance times after analyzing real estate charges and applicant circumstances, and MyHome Exchange , which aims to reduce the time it takes to close applications.
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