ServiceLink Launches Enhancements To EXOS Close Solution: Improving Flexibility For Lenders And Borrowers
ServiceLink, a provider of digital mortgage services, has enhanced its EXOS Close technology that provide even more flexibility for lenders and borrowers using the technology to schedule their closings in real-time.
Enhancements include new options for online and in-branch closings in addition to an instant in-platform determination of remote closing eligibility, assessing state and county acceptance requirements and, with lender approval, automatically giving borrowers who are eligible the immediate option to schedule their closing online.
“We’re proud to build on the legacy of EXOS Close with these new, easy-to-use enhancements that will further strengthen the lender and borrower experience,” said Dave Steinmetz, division president, origination services. “With the tap of a finger, users can instantly choose when, where and how they want to close, and lenders can save money by sunsetting antiquated processes used for in-branch closings, where little to no technology previously existed across the market. Our platform even prepares the borrower for the closing type of their choice, with built-in education every step of the way.”
The addition of this unique in-branch scheduling selection and built-in automated remote online notarization (RON) eligibility determination allows lenders to schedule 100% of their closings through EXOS. This new option will greatly aid with home equity and refinance transactions, increasing efficiency and transparency in the process. Access to the RON eligibility determination also will empower lenders to easily adopt and scale eSignings and extend the option to their borrowers to self-schedule their own RON closing event.
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