Services ​

Appraisal Management
Appraisal Management
Compliance Management
Compliance Management
Vendor Management
Vendor Management
Assignment Verification
Assignment Verification
Project Reports
Project Reports
Innovative Technology
Innovative Technology

Appraisal Management 

We’re here to help you fund more loans. We do that by streamlining and speeding up the appraisal process. Our proprietary technology, which can be integrated with your loan origination system in only a few minutes, delivers a custom-tailored appraisal management solution.

We’ll automate your paper-intensive reporting processes, deliver the industry’s fastest turn time, provide comprehensive, real-time reports and reduce your costs. You’ll stay compliant and in control.

 

Appraisal Process and Delivery
Simplicity Closings takes time and tedium out of the appraisal process and promises national turn times that are the best in the industry.

Placing an order with us is simple. And, within seconds after receiving orders, our VISTA geocoding technology assigns them dynamically to appraisers who are within 10 miles of the property, assuring consistent and reliable results. VISTA also provides you with instant access to data and updates from beginning to end so you can track progress at the touch of a button.

 

Appraiser Quality
Because an appraisal is the cornerstone of every loan, quality is critical.

Simplicity Closings partners with more than 2,000 experienced, licensed, independent appraisers throughout the country. Each is geographically astute and committed to providing you with timely, accurate appraisals that improve your profitability.

For each appraisal, SImplicity Closings assigns the most capable appraiser, based on service performance, demonstrated excellence, and knowledge of the property area and verification of the appropriate license or designation for the assignment.

 

Appraisal Review
To confirm that we are effectively connecting the appraisal assignment to your successfully closed transaction, we regularly review the quality of our appraisers’ work through a rating system that measures timeliness, accuracy, professionalism, and effectiveness of communication.

Compliance Management 

The release of the Home Valuation Code of Conduct has raised many questions on the part of lenders, appraisers, and others involved in mortgage lending activities. Lenders that sell loans to Fannie Mae or Freddie Mac likely are reviewing their internal appraisal operations to make sure they comply with the Code.


Simplicity Closings can help your organization retool and restructure your lending operations to achieve appraisal compliance.


Appraiser Independence

Simplicity Closings adheres to the highest ethical standards in ensuring that the appraisals we deliver have been completed by knowledgeable appraisers who haven’t been improperly influenced. Our services safeguard your compliance with the Dodd-Frank bill, which requires appraiser independence as outlined below.
 

Uniform Mortgage Data Program

The UMDP is a joint effort by Fannie Mae and Freddie Mac (the GSEs) at the direction of the Federal Housing Finance Agency (FHFA) to standardize and drive data quality that benefits the entire mortgage industry. Fannie Mae and Freddie Mac understand the magnitude of the change required to achieve this important goal and its impact on a number of industry players. To facilitate its successful adoption, the GSEs have collected extensive feedback from a wide array of customers, lenders, appraisers, and other industry participants. This common approach for the uniform data standards will minimize implementation differences and will:


• Create operational efficiency that simplifies data exchange and improves response to changing requirements and market conditions.
• Strengthen respective risk management capabilities.
• Improve transparency and confidence in the loan decision by using the same root data in the processes that lenders use.
• Improve data accuracy and confidence in loan quality.
• Identify areas where common standards support greater data consistency.

 

The Uniform Mortgage Data Program is an ongoing effort that will continue to enhance the data standards over time. To facilitate the adoption of the new requirements, the GSEs have developed:


Uniform Appraisal Dataset

The (UAD) format defines all fields required for an appraisal submission for specific appraisal forms and standardizes definitions and responses for a key subset of fields to enhance data quality and promote consistency.
All completed Simplicity Closings appraisals conform to the new (UAD) data format and are delivered through the Simplicity Closings portal.


Uniform Loan Delivery Dataset

(ULDD) leverages the industry-recognized MISMO standard. This loan delivery dataset has aligned the GSE’s with the core data elements and their definitions.
Simplicity Closings delivers MISMO standard datasets along with ACIXML datasets with every appraisal order.


Uniform Collateral Data Portal

The Uniform Collateral Data Portal (UCDP) is a single portal through which lenders can electronically submit appraisal reports formatted in the (ULDD) for conventional mortgages delivered to Fannie Mae or Freddie Mac.
Through the SImplicity Closings portal, lenders can submit their appraisals to both Fannie and Freddie and receive verified completion certificates, all at the click of a button.


Data Integrity and Compliance

Simplicity Closing's portal meets the most robust standards for assuring the privacy and integrity of your trusted information. We deploy the latest in cloud-based technology and adhere to the auditing examination performed in accordance with the Statement on Auditing Standards No. 70(SAS 70).
By employing best practices in physical security, operational security and system security, our hosting environment is designed to ensure the highest levels of security for your data.

Vendor Management 

Simplicity Closing's vendor management capabilities help to reduce spending on loan products and services by streamlining your ordering processes and ensuring corporate compliance.

 

You gain complete visibility into the entire loan cycle, enabling a clear perspective from beginning to end. Automatically routed completion notifications eliminate unnecessary time searching for valuable data. Simplicity Closing's self-service vendor portal reduces the time spent handling vendor inquiries and makes it easier for vendors to do business with your organization.

 

Valuation Models

Our suite of Valuation Models gives you access to the broadest nationwide coverage, hit rate and accuracy available. We’ll provide secure, cost-effective, on-target property valuations within seconds. Each AVM is delivered with all of the supporting data you need, including maps, tax and assessed values, the proximity of sales comps and prior sales history.

 

Flood Certification

Our user-friendly technology supplies you with instant access to our comprehensive flood data resources, giving you the ability to search and track the flood zone status of tens of millions of properties right from your desktop. We provide accurate reports for both single and multiple orders within minutes and offer both basic and life-of-loan certification.

 

Our functionality also allows you to view your order history and completed order notifications, and to email your customer a display map with flood, parcel, aerial and street layers indicated.

 

4506-T Direct

Simplicity Closing's 4506-T Direct service simply and reliably verifies applicant income. Within 24 hours or less, through our direct interface with the IRS, we’ll deliver a transcript that validates up to four years of applicant data. Our platform compares data on file with the IRS with the first page of the applicant’s 1040 tax return for each year you order and detects false or inaccurate information. Our software tracks each transcript in real time from the moment you request your report until we deliver it to you, helping you close loans more quickly and easily.

Our 4506-T Direct service provides:

W-2s
1099s
Return transcripts
Account transcripts
Record of account
Title and Closing

We provide the mortgage industry with title insurance and closing services in the same way we do business every day: with second-to-none attention to detail and customer care.

Here, you’ll get nationwide coverage, with real-time information and instant notification as documents are; instantly uploaded and statuses change. We also offer the most competitive rates in the nation with the ability to price the best of both bucket and refi rates using the top national underwriters.

Notary

Simplicity Closing is part of a nationwide document signing services that specializes in notarizing loan documents. We focus on efficiency and customer service and, in most cases, can schedule a notary anywhere in the United States in about 30 minutes.

Assignment Verification Reports 

Order Property Reports Online

Simplicity Closings performs expert property report services based on research conducted from actual land records nationwide. The below reports can now be ordered immediately online for any residential property nationwide, with no order minimums.
• Assignment Verification Report Services
• Current Owner Report
• O&E – Ownership & Encumbrance Report
• Tax Status Report
• Tax Status (Plus) Report

Property Reports 

Order Property Reports Online

Simplicity Closings performs expert property report services based on research conducted from actual land records nationwide. The below reports can now be ordered immediately online for any residential property nationwide, with no order minimums.
• Assignment Verification Report Services
• Current Owner Report
• O&E – Ownership & Encumbrance Report
• Tax Status Report
• Tax Status (Plus) Report

Innovative Technology 

Coming Soon...