The settlement agents and notaries in Simplifile’s ever-expanding network that use Simplifile are trained and supported to ensure that every transaction is expertly completed.Į-eligibility is at the heart of Simplifile’s platform, which examines each transaction in real time to check its electronic eligibility at the county level and allows every closing to be as electronic as possible.
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This enables lenders to provide a standardized platform for document delivery and settlement agent coordination across all closing types – ink, hybrid and full eClosings – and eliminates the need to learn multiple systems and separate workflows, which leads to greater eClosing adoption.īy leveraging Simplifile’s open network of tens of thousands of settlement agents and notaries, lenders can reduce their integration overhead and shorten their eClosing implementation time. Simplifile has worked to solve both of these issues with consistency and simplicity by serving as a bridge between a lender’s eClosing system and settlement agents, notaries and counties. Lenders have to evaluate investor and underwriter acceptance of eClosings and check whether electronic documents will be recorded at the county level.
Settlement agents often have to learn multiple systems and different processes to work with each lender and closing type, which can be overcomplicated and overwhelming.
For an eClosing strategy to be successful, settlement agents and notaries need to be able to coordinate on the closing, and lenders need to know whether electronic documents and transactions are accepted and recorded with the county in which the closing takes place.
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