Features and Benefits

MBS Proclose is takes a Software as a Service approach to doc prep and mortgage compliance solutions. We believe that software solutions should work for you and seamlessly integrate into your business model. Our solutions are intelligent, reliable and sophisticated enough to improve and lender's business model and meet every lender's document management and doc prep needs.

Our most sophisticated system yet, ProClose Platinum is a MISMO compliance, XML driven doc prep solution provided as a Web Service.  Send any loan to Platinum and a series of events occur.  The Platinum "scrubbing engine" will verify the presence of critical data, issue corrections, fill in program specific data and create a perfect MISMO XML file to merging with the corresponding PDFs.   

Tired of incomplete integrations?  Too much data to enter after the import?  Platinum will fill in the gaps. Where needed, the Platinum engine will convert any loan file into MISMO XML and move the data into action on the documents.  It will even let you set up templates to remember critical data pertinent to your company only.

After the Scrubbing engine, the data passes through a compliance audit and a guaranteed Calculation engine.  If everything is in good shape, the XML will go to the Platinum Print Engine, where the proper form set is assembled and XML merges on to the dynamic PDF.

Dynamic PDFs are new.  Platinum architecture creates an environment where anything is possible.  For example, where older formats will imit the number of borrowers, borrower types, and signature lines, a "Dynamic" PDF has a brain of its own.  It will expand and contract on the basis of what is in the loan.  Only the fees which are populated will be displayed, eliminating "ugly" and "incomplete-looking" forms. 

Platinum is so scalable that it can deal with whatever you dish out!   Perfect documents every time!   Furthermore, the documents are locked down, uncompromised and unalterable, so they are appropriate for delivery to the borrower through our Secure Server.

Specifications:

• Web Services Application
• SOA - Service Oriented Architecture - allows for use and support in modules; creates flexibility and inherently allows for customization of the product to fit your specific needs.  
• Automatic Updates
• Compliance Testing
• Electronic Courier:  e-Delivery through SAS-70 certified server
• MERS registration
• MISMO Compliant, of course
• Rules-based - no limits to the rules you can create to generate exactly what you intend, without expensive programming.
• Limitlessly SCALABLE for your growth
• High Security: With Platinum, data is encrypted during delivery and access is only granted to authorized recipients.

Capabilities and Special Printing Features

• Fully customizable programs, forms and form sets

• One-Click access to view/modify Number of Copies, Stacking Order, Duplex printing

• Special Drop and Drag to modify stacking order

• Create your own templates to "remember" your preferences for next time

• One-Click access to the entire library of forms and investor documents

• Special Print options such as "Print Loan ID on Notes", "Print Notary Date", Print MERS MIN number

• Print the word "SAMPLE" on preliminary HUD (Once a special request from a client; this became a standard offering!)

• Preview and Print all/selected forms

• Search capability by both form description and form ID

Benefits

Convenience: You only need a browser!  Import, print, and send your documents in PDF format from anywhere.

Accuracy: Rule-based Platinum evolves as your company grows and provides maximum accuracy

High Security: As always, ProClose data passes through a SAS-70 certified server, with added 128 bit encryption and password protection.  Access is only granted to authorized recipients.

Scalable:  No matter which front end you use today, and which you select for tomorrow, regardless of expanding volume, ProClose Platinum is ready for your business.  Expand away!  Platinum is designed to grow with you to your maximum capacity with room to spare.  There is no limit to the number of programs, fees, rules or documents you can request.

Seamless Calyx Integration

ProClose® and Calyx Point: MBS is proud to make our Web Service available directly from within Calyx Point. Through a testing and feedback system, MBS is proud to influence a significantly better export in their next version release, Point 6.1. Understanding the document requirements is our core expertise. Calyx was eager to learn about the additional Mismo Closing and Application data that, when passed, eliminates significant data re-entry on the back end. Platinum is designed to address a “bare minimum file” and enhance it to completion. With each upgrade made to any LOS XML export, Platinum stands ready to receive. While the MISMO closing file 2.3 is the current standard, MISMO 2.4 is well under way and exists in Platinum today. As LOS systems work more collaboratively with doc preps the way Calyx does, they will come to understand that the export can easily include more existing data than is passed with the current, standard "closing" file. This will help create the "seamless" experience that end-users deserve. If the LOS will pass it, Platinum can catch it and know what to do with it. It’s that simple!

When Calyx users upgrade from 6.0 to 6.1, they will have an automatic improvement of data passage by approximately 60%. This obvious cuts the time by more than half, one of the first paybacks of MISMO adoption. Loan volume can increase without direct and proportional need for additional resources. Platinum easily "expands to include" new data in the XML each time an upgrade is issued. No hassle. No bother. Your life simply improves.