Qualia, a real estate technology company that streamlines the home buying and selling experience, today announced a new Fee Collaboration enhancement to its integration with Ellie Mae’s Encompass® digital mortgage solution. This new Fee Collaboration enhancement will empower both mortgage lenders to provide more accurate fee information to consumers and title companies to disburse matched fees in a timely manner. The enhancement eliminates the manual, time intensive processes that previously contributed to delays and human error.
The Fee Collaboration enhancement streamlines how mortgage lenders and title companies share and match fee information. Qualia’s Fee Collaboration enables lenders and title companies to securely collaborate on Closing Disclosures, import fees and other data, instantly identify discrepancies, and seamlessly balance and match fees.
“This new technical achievement allows lenders and the thousands of title and settlement agents across the country on Qualia to be one step closer to being able to offer a truly digital mortgage and home closing experience,” said Nate Baker, CEO of Qualia. “This is no easy task. I’m extremely proud of the Qualia team for finally engineering a solution and grateful to our community of users for their guidance along the way.”
Qualia announced an Encompass integration last year. The original integration enabled Encompass users to have a more streamlined workflow, give users the ability to import rates and fees, and connect with over a thousand of the nation’s title companies. With the new Fee Collaboration features, Encompass users can now better collaborate with their title companies to eliminate hours of manual effort balancing Closing Disclosures.
Qualia is completely redefining how homes are bought and sold by streamlining the home closing experience end-to-end in all 50 states and removing the stress from home buying. Qualia is a one-stop shop for every aspect of a real estate closing, bringing the entire real estate closing team (buyer, seller, title agent, lender, real estate agent) together on to one digital platform to increase understanding, visibility, and efficiency. Qualia was founded in 2015 by Forbes 30 Under 30 Award recipients Nate Baker, Joel Gottsegen, and Lucas Hansen. Since launching, the company has been named as an ALTA Elite Provider and grown to over 100 employees. Qualia is headquartered in San Francisco, CA and has offices in Austin, TX. For more information on Qualia’s title, escrow, and closing platform visit: www.qualia.com.