Caliber Funding Launches 'Originator Forms' Feature on H2Online.com to Simplify RESPA Efforts
TUCSON, Ariz., March 30 /PRNewswire/ -- Caliber Funding, LLC, a leading national wholesale and retail mortgage lender, today announced the launch of its new Originator Forms feature on Caliber's proprietary software system, H2Online.com. The new feature provides fully completed, signature-ready documents with a single click. Caliber's ability to react quickly to changing market and regulatory environments has enabled the company to bring groundbreaking technology solutions for RESPA challenges, such as its Originator Forms feature, to market faster than its competitors.
The signature-ready package includes a Good Faith Estimate, Written List of Settlement Services Providers, Intent to Proceed Acknowledgment, and Mortgage Broker Fee Agreement, all issued in the broker's name. The feature also offers the use of Caliber's preferred business logic and dynamic system validations to help prevent the broker from making some of the most common critical and costly GFE errors.
"We are proud of the time saving efficiencies that our new Originator Forms feature provides to H2Online.com users," said Chris McCullough, President, Caliber Funding, LLC. "Through this feature, we are able to help partner brokers who may be struggling to create a compliant GFE that is likely to be accepted by a lender. Originator Forms results in a streamlined GFE review process and an increased number of GFEs that are aligned with Caliber's world-class standards."
Tina Szenasi, a Processor at Baytree Lending Company said, "H20 is one of the best systems around and the Originator Forms feature is convenient to get the correct and up to date documents in one package."
Through Originator Forms' advanced technology, Caliber's H2Online.com creates a better borrower experience because many of the forms that the broker is required to collect in connection with a loan application can be requested once, at the beginning of the loan origination process. Caliber noted that its Originator Forms technology and other RESPA-related efforts have led to a dramatic increase in the GFE acceptance rate during beta-testing. Additional enhancements to Caliber's H2Online.com platform have been made to accommodate GFE Reviews and to automate Change Circumstance requests.
About Caliber Funding
Caliber Funding LLC is a growing wholesale and retail originator of prime, conforming, FHA and VA mortgages. Caliber operates in 44 states across the United States with operations centers in Texas and Arizona. For more information on Caliber Funding's Originator Forms feature please visit www.caliberwholesale.com.
Contacts: Ed Trissel / Jim Shaughnessy / Jillian Ginsburg Joele Frank, Wilkinson Brimmer Katcher 212-355-4449
SOURCE Caliber Funding, LLC
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