AUSTIN, Texas, Jan. 8, 2015 /PRNewswire/ -- Simplified, an online platform for ordering settlement services to process and close real estate loans, today launched its secure, cloud-based system that simplifies the delivery of settlement services, allowing lending institutions to consolidate local and national vendor relationships together on one easy-to-use and intuitive interface. With Simplified lenders can process and close any real estate secured loan, from credit to closing and beyond, by ordering services either directly from Simplified's vendors or using the lender's own local vendors.
The company also announced it has passed its SSAE 16 Service Organization Control (SOC) 1, (Type 1) audit as of November 30, 2014. The audit was conducted to assess the integrity and design of the internal controls (policies, procedures and technologies) implemented and practiced by Simplified's vendor management program.
"The Simplified team has been working diligently to build an industry-leading platform that provides an easy-to-use and intuitive user experience," said Melissa Potapova, CEO of Simplified. "Now that we have reached this milestone, we are able to offer customers the most secure and compliant next-generation mortgage settlement services platform that is integrated with the nation's top vendors and also allows our customers to simplify their due diligence obligations."
The Simplified platform was designed from the ground up in collaboration with more than 250 lenders, and offers customers the ability to order mortgage settlement services at pre-negotiated pricing with top national vendors or with local vendors of their choosing. Simplified has conducted due diligence on its national vendors, allowing its customers to rest assured they are receiving the best in the industry.
The company has received seed funding from the Stratton Investments Group and engaged Holtzman Partners, LLP, a certified public accounting firm, to provide the assurance services and attestation testing required to receive the SOC 1 report.
"I have been with the team at Simplified since its inception and I am very impressed with the technology, the vendor relationships, and how the team has met their goal of developing a next generation platform that delivers settlement services more efficiently than standard ordering methods, while also allowing Simplified's customers to both control costs and avoid expensive mortgage loan errors," said Steve Stratton of Stratton Investments Group. "I am confident the team will continue to be successful as they begin to drive customer adoption."
To learn more about Simplified or to request a demo, please visit www.simplified.com or call 844-795-1812.
Founded in 2014 and based in Austin, TX, Simplified is focused on transforming the legacy mortgage settlement services industry. Through its thoughtfully designed next-generation cloud-based platform, Simplified offers simple, fast, and secure settlement services through an easy-to-use and intuitive user experience that was designed to meet the demands of today and the challenges of tomorrow. For more information, please visit www.simplified.com.
Simplified is a trademark of Simplified Lending Solutions, LLC. All other trademarks or service marks are the property of their respective organizations.