Software lets lenders control real estate closing

Entyre, a nationwide provider of mortgage closing products, has released version 2.0 of eMortgageX4. The latest version of the closing product includes enhancements such as the X4 e-Collaboration Engine, which gives lenders the ability to customize the communication process between all parties in the closing process.

"Our focus from the beginning was to use the benefits of the Web to give lenders more control of the closing process," Entyre CEO Dick Beedon said. "The results are dramatically fewer errors, lower closing and post closing costs and higher customer satisfaction."

The system enables lenders to customize the communication process between all the players. Brokers, closing agents and consumers can collaborate electronically to confirm data accuracy and compliance.

X4's e-Collaboration enables lenders to manipulate multiple data feeds. A configurable rules engine identifies any discrepancies and ensures conformity with brokers' and lenders' requirements.  

"X4 provides lenders the ability to collaborate with their brokers and closing agents as the closing package is produced," Entyre CTO Chris Eagle said.

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