By Walker Smith   |   Product Manager

Published Dec. 21, 2023

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As a closing agent, you hold a wealth of information and documentation that lenders are required to review and validate when collaborating with you for a settlement. Generating and reporting that same set of data and documents repeatedly can be frustrating and time-consuming for closing agents. This is where GridBase comes in handy – an innovative API that brings lenders and closing agents together in one digital space, delivering a seamless collaboration experience.

Introducing GridBase

GridBase is an innovative digital platform that leverages technology to bring closing agents and lenders together. One of its features – Closing Agent Management – includes a universal API that eliminates the need for lenders to contact closing agents hundreds (or thousands) of times per year to collect the same sets of information repeatedly. Instead, lenders can view closing agents’ profile and validation date right in their LOS and never have to leave their LOS to perform an agent validation. Conversely for closing agents, the “share my profile” tool in GridBase gives closingthem the ability to share their standardized profile data and documents with lenders with just the click of their mouse.

How Does GridBase Benefit Closing Agents?

GridBase streamlines the process of sharing necessarily required information with lenders, limiting the need for closing agents to receive email requests from lenders hundreds of times per year asking for the same information (update your profile info, licenses, underwriter appointments, E&O coverage, etc.). Using GridBase’s digital platform, closing agents can now focus on other critical aspects of their work, such as addressing client concerns, providing great customer service, and building their business!.

How Does GridBase Benefit Lenders?

By using GridBase’s platform, lenders gain tremendous efficiencies by handling closing agent data and documentation without ever leaving their LOS and without depending on email. GridBase ensures that lenders view the most updated information in real-time. This avoids any confusion or discrepancies that might occur due to outdated or misplaced data. Furthermore, GridBase facilitates a universal communication platform between closing agents and lenders. It standardizes data processing and ensures accuracy and efficiency in all processes. So, lenders no longer have to deal with data that is out-of-date, inaccurate, or unverified.

Features of GridBase

GridBase Closing Agent Management has an array of features optimized to ensure a seamless collaboration process between closing agents and lenders. Some of these features include:

• The “share my profile” tool, which helps closing agents share their standardized data with lenders easily

• GridBase’s standardized API – making information available in real-time to ensure fast and efficient communication

• The ability to customize data for specific lenders, so closing agents share only relevant information with each lender

• Secure data storage to ensure that sensitive information is kept private and confidential. When sharing personal information with lenders, closing agents can remain confident their data is stored securely.

• Fully integrated with Encompass, Empower, and other LOSs coming soon

• Fully integrated with the ALTA Registry, displaying the ALTA ID in the agent’s profile

In conclusion, GridBase Closing Agent Management is transforming the way closing agents and lenders interact. It saves closing agents time and effort by standardizing the data exchange process, and lenders benefit from accurate, up-to-date data that is readily accessible on a unified platform. When closing agents and lenders work together using GridBase, collaboration is streamlined, communication is fast, and efficiency is improved. It’s no wonder it’s earned a place as the universal API for lender and closing collaboration. Join the GridBase community today, and see for yourself how effortless and efficient processing can be.