360 Mortgage group releases closing doc functionality to broker network.

Position:Tech News

Austin, Texas-based 360 Mortgage Group, a privately owned wholesale mortgage bank, has announced the release of Broker Docs, a closing document clearing functionality now available online to all 360 Mortgage Group brokers. This new feature to 360 Mortgage Group's suite of proprietary online origination tools is expected to shorten closing time by at least 50 percent, according to the company.

Developed by 360 Mortgage Group Chief Operating Officer Andrew WeissMalik, Broker Docs automatically and instantaneously delivers closing instructions to a closing agent whenever a broker submits a documentation order request and a "clear to close" order has been issued within the file. This allows closing agents to work on a file prior to having a 360 Mortgage Group closer review it, thereby reducing the time required to close a file.

"Instead of having to...

To continue reading