Collaboration Zack Boonjue PowerPoint Presentation, PPT - DocSlides

Collaboration Zack Boonjue PowerPoint Presentation, PPT - DocSlides

2018-12-16 6K 6 0 0

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zack@ppdocs.com. The Challenge. Creditor responsible for the content of the Closing Disclosures (CD). CD is governed by Regulation Z and has TILA liability. Consumer(s) must receive CD 3 business days before closing. ID: 741991

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Presentations text content in Collaboration Zack Boonjue

Slide1

CollaborationZack Boonjuezack@ppdocs.com

Slide2

The Challenge

Creditor responsible for the content of the Closing Disclosures (CD)

CD is governed by Regulation Z and has TILA liability

Consumer(s) must receive CD 3 business days before closing

Creditor must work with settlement agent to get the information they don’t normally have access to.

Slide3

Current Work Flow

Lender

Settlement Agent

Order closing docs

Send Preliminary HUD-1

Request changes

Send Closing Instructions

Send updated HUD-1

Send approval

Slide4

Future Work Flow

Lender

Settlement Agent

Order closing docs

Send final Closing Disclosure

collaboration

collaboration

Slide5

Features

Website can be branded with lender-client’s name and logo

Invite settlement agent to a mutual workspace

Both parties looking at the same screen

No initial setup required by the invitee

Intuitive workspace. The screen looks like the CD highlighting data changes

Settlement agent can upload data from their system

Lender notified when settlement agent submits the form

Lender can accept or reject changes

Settlement agent notified when Lender accepts or rejects changes

The workspace remains open until Lender closes it

Lender can submit data to PPDocs to generate CD

Lender can export data back to their LOS

Log showing all changes for both parties to see

Slide6

Suggest Changes

Knowledge of loan?

Start new loan on PPDocs

Accepts / Reject changes

Create Closing Disclosure

Lender

Settlement Agent

Notify

Invite

Slide7

How it works

Lender invites settlement agent to collaborate by sending an email

Slide8

How it works

Settlement agent

follows link

in email to a website.

Settlement agent required to authenticate

by

entering something about the loan or a password. Lender’s choice.

Slide9

How it works

The screen looks just like the Closing Disclosure

Slide10

How it works

Notification to Lender

when Settlement agent submits the form.

Slide11

How it works

New link appears for Lender to review suggested changes

Slide12

How it works

Lender can accept or reject changes and click

link

to see how it affects the Closing Disclosure

Slide13

How it works

Color coded decisions for easy navigation

Slide14

How it works

Settlement Agent notified showing the decisions made

Slide15

Getting Started

Collaboration tool will be available for free when generating Closing Disclosures through PPDocs.com. Transaction fee applies when not used in conjunction with our docs.

Volume pricing available.

For more information, please contact Dallas Rivera

Dallas@ppdocs.com


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