An Insider’s Look Into How Secondary Marketing Evaluates LOs

In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

How servicers can access timely, accurate data insights

Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

Today’s HousingWire Daily features a discussion on the emergence of a new brokerage model and the validity behind the concerns against institutional investors.


ClosingCorp acquires order management solution WESTvm

The company will rename the product as ClosingCorp Order Management

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently announced it has reached an agreement to acquire WESTvm, an order management solution, from real estate technology company WEST.

According to ClosingCorp, WESTvm, which will be renamed as ClosingCorp Order Management, allows lenders to order appraisals, flood certifications and more in less than 60 seconds.

The solution, which the company claims is the first loan-centric ordering technology available in the market, streamlines the ordering and management of settlement services needed to originate or service a loan.

The solution also delivers automated vendor allocation to help reduce costs and time of loan origination, therefore providing lenders with more access to current loan-level data.

Bob Jennings, the chief executive officer of ClosingCorp, said the acquisition reinforces ClosingCorp’s position as a leader within the industry.

“This transaction further strengthens ClosingCorp’s position as the market leader in closing cost information and technology,” Jennings said. “Lenders will now be able to quote, order, track and receive specific services – within a loan file – all at the click of a button.  Integrating our fees and order management solutions will help lenders leverage automation from borrower engagement through investor delivery and servicing.”

As part of the acquisition, ClosingCorp will continue to offer a private-label order management solution to WEST’s customers and partners.

Additionally, WESTvm along with ClosingCorps’ SmartFees product is immediately available through Ellie Mae’s Encompass Digital Lending Platform and ClosingCorp’s standalone web portals.

“The growth of WESTvm has been remarkable, and this transaction with ClosingCorp will create additional distribution channels to better serve our customers,” Marty Frame, president of WEST said. “We have been impressed with the ClosingCorp team and the vision we share to deliver a more efficient and innovative order management experience. It’s a win-win for everyone.”

Most Popular Articles

FHFA to make desktop appraisals permanent

Desktop appraisals, a temporary flexibility implemented in March 2020 amid lockdowns and social distancing, will become permanent, the FHFA said today.

Oct 18, 2021 By

Latest Articles

Rocket Mortgage makes another push for brokers

Rocket Mortgage is now connecting homebuyers with real estate agents and mortgage brokers through its growing Rocket Homes portal. Here’s what else the lender is doing to woo brokers. HW+ Premium Content

Oct 19, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please