North Olmsted, OH, May 21, 2024 – Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, today announced an integration with GridBase®, the universal Application Program Interface (API) for lender and title collaboration, to improve efficiencies within home equity lending. The CSS home equity solution taps GridBase technology to allow lenders to order CSS property reports, flood zone determinations and recordings directly within the Encompass LOS platform, reducing the time required for manual order entry and improving delivery times. Peoples Bank, a regional bank headquartered in Marietta, Ohio, with $9.3 billion in assets, is already using the new solution.
The integration is an expansion of the long-standing partnership between CSS and GridBase and enhances the services offered by CSS through the Encompass® by ICE Mortgage Technology™ platform. By reducing the time required for manual order entry and delivering property reports directly into a lender’s eFolder, the integration will help streamline the home equity origination process and reduce the overall loan production costs.
“U.S. homeowners currently have more than $11 trillion in tappable home equity and are willing to use home equity products to increase their personal liquidity while preserving their historically low first-mortgage interest rates,” said Ashley Jelinek, CEO of Corporate Settlement Solutions. “Our integration with GridBase provides a fast, efficient title-lite solution that home equity lenders can access without ever leaving the Encompass environment.”
“Given the no- or low-cost economics of home equity originations, the greater efficiencies that technology can deliver often translate into improved margins,” said Ryan Peterson, President of GridBase. “We’re pleased to work with forward-looking title providers, like CSS, to enhance the home equity experience for our joint clients and their customers.”
“Incorporating this technology with our home equity workflow has already delivered a notable lift in efficiency,” said Jennifer Tanner, AVP, Mortgage Processing with Peoples Bank. “The platform works well, is user friendly and saves us a lot of time.”
About Corporate Settlement Solutions
Corporate Settlement Solutions (CSS) provides title, valuation and closing solutions for commercial and residential real estate transactions. CSS’ real estate settlement solutions combine the personal touch and responsiveness of local providers with the geographic scale and technological superiority of large national providers. Our mission is to foster long-term partnerships that enable customer growth.
About GridBaseGridBase®, a Grid151® company, is the universal API for lender and title collaboration. We serve title agents and lenders and their technology providers. We connect the real estate ecosystem with fast and simple integrations and a suite of technology products for title agents and lenders including Fees, Order Management, Instant Title, Closing Agent Management, and eClosing. Learn more about GridBase® or Grid151, both part of the Ardán, Inc. family of companies.