New WFG tool provides insights into mortgage loans in the pipeline
A new tool from WFG Enterprise Solutions is designed to give mortgage lenders and dealers instant insight into the history and status of every loan in their pipeline, along with the remaining steps to get to the close table.
WFG’s MyHome Funder Dashboard minimizes the back and forth that often occurs when settling payout files and provides a balance count that includes fees that escrow agents expect the lender to withhold from the funding transfer.
“Repeated inquiries and delayed responses threaten a secure, timely deal,” said Dan Bailey, senior vice president of WFG Enterprise Solutions and WFG Lender Services, in a opinion. “The first and best way to avoid this is to make sure everyone is on the same page, and that is exactly what MyHome Funder Dashboard does.”
My Home Funder Dashboard makes it easy to communicate directly with the trustee for each loan, also provides the notary name, location and time of signing, collecting information and accessing the executed loan package and terms right after the borrower signs.
The tool also gives attendees pre-approval for capture and payout based on a review of the funding package and balance amounts, and supports multiple funders who get their own logins.
WFG Enterprise Solutions and WFG Lender Services are part of the Williston Financial Group family of companies (WFG).
The WFG operates three business areas – in-house Direct Title Operations, Agency Operations and Enterprise Solutions.
- WFG state title insurance company is a title insurer licensed in 49 states.
- WFG Lender Services is a centralized provider of property, closure and settlement services to mortgage lenders across the country.
- WFG corporate solutions includes WFG Lender Services and Valutrust Solutions, WFG’s national valuation management and valuation service company. WFG NTIC Default Title Services, WFG’s department for fiduciary guarantees and standard title services, is also part of WFG Enterprise Solutions.
According to WFG, the MyHome Funder Dashboard builds on the success it had with WFG National Title Insurance my home Portal and mobile app that coordinates the roles of everyone involved in residential property transactions.
Other tools developed by the WFG to improve collaboration and transparency include Decision point, a title status decision engine that determines the deadlines for title release after analyzing property charges and the applicant’s circumstances, and MyHome exchangewhich aims to reduce turnaround times from application to completion.
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