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What is LenderClose?

LenderClose’s cutting-edge platform and award-winning solutions bring together all essential data for lenders into a single, unified interface. By empowering credit unions and community banks to streamline their lending and underwriting procedures, LenderClose fosters greater speed, efficiency, and a superior experience for borrowers. Crafted by industry veterans, LenderClose combines extensive knowledge in both lending and technology to deliver its services. The organization stands at the leading edge of technology-driven innovations that transform the lending experience. With a firm commitment to service excellence, LenderClose guarantees that every client enjoys a premium experience. Their offerings not only enhance internal productivity but also strive to provide exceptional lending services. Whether handling a single loan or managing numerous transactions, meticulous care after funding is essential. For example, confirming that property taxes are up to date can lead to substantial savings for credit unions or community banks. By prioritizing quality and efficiency, LenderClose is fundamentally altering the lending landscape, ensuring that both borrowers and lenders benefit from these advancements. The company’s continued focus on improvement positions it as a leader in the evolution of financial services.

What is HUD LITE?

Input settlement charges as either Buyer's or Seller's Expense, and HUD LITE will generate necessary notations and column totals automatically. The software adeptly assigns the correct GFE number for standard entries while also creating entries for the GFE Comparison Page without any hassle. By inputting amounts from the lender's Good Faith Estimate, you can ensure your form is completely set up, ready for generating and printing the Hud-1 Settlement Statement applicable to purchases, new loans, and refinances. Enjoy the convenience of automated entries for the Good Faith Estimate (GFE), and refer to the GFE Quick Start Guide for any needed guidance. The platform guarantees precise calculations and reconciliations for balances related to receipts, disbursements, and net loan proceeds (cash received from the lender). It also automatically compiles a balanced record of deposits and checks while calculating both the Loan Origination Fee and Loan Discount. Any changes made to proration or disbursement dates will prompt recalculations of prorations, loan payoff amounts, and interest due to the lender. Moreover, broker commissions can be entered as either a percentage or a fixed sum, offering even more flexibility. These robust features ensure that the entire process remains efficient and easy to navigate for users. In summary, HUD LITE enhances the settlement process by providing a reliable and user-friendly platform that simplifies complex calculations and documentation.

Media

Media

Integrations Supported

MeridianLink Opening

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

$179 one-time payment

Supported Platforms

SaaS

Supported Platforms

Windows

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Online Training

Training Options

Documentation Hub
On-Site Training

Company Facts

Organization Name

LenderClose

Date Founded

2016

Company Location

United States

Company Website

www.lenderclose.com

Company Facts

Organization Name

Alta Star Software

Company Website

www.hudlite.com

Categories and Features

Loan Origination

Not specified

Mortgage and Loans

Not specified

Categories and Features

Mortgage and Loans

Closing Documents
Government Loans
Loan Origination
Refinance Management

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