BeesPath provides the first system for electronic delivery of borrower signed loan documents directly from closing agents. Within minutes of a loan closing the entire set of borrower signed closing documents are delivered back to the lender. But delivery from the closing agent is only half the value. BeesPath also includes delivery to investors. Electronic investor delivery empowers the lender to close the loan, receive the documents from the closing agent, and deliver the loan to the investor in a matter of minutes. BeesPath is so easy to setup and so simple to use a lender can be using BeesPath in under 5 minutes.
Lender Benefits of RecordsDirect
- Save hundreds of dollars per loan - save 4-21 days of warehouse credit line interest expense in addition to reduced paper shipping and handling
- Close-to-fund in under 24 hours - "same day as closing" loan delivery to investors
- Receive and review final HUD-1 and other borrower signed documents within minutes of closing
- Eliminate scanning and copying of closing documents
- Reduce or eliminate document shipping expenses
- Reduced labor for document sorting, scanning, stacking, and copying
- One system to connect to all closing agents - trained and supported by BeesPath
- One system to connect to all of your investors