New E-recording Features
Marquee eraser added.
We’ve added an eraser to the Document Viewer that allows you to quickly erase one or more rectangular areas with less work.
The new tool can be found under the eraser icon on the toolbar by choosing “Marquee Eraser.”
Next, click and drag within your document to create a blue rectangle indicating the area you’d like to erase.
You can do this same action for multiple areas of the document.
You can choose to apply these changes to just the current page, multiple pages, or all.
When you’re ready to erase, click “Apply” in the top right and all highlighted areas will be removed.
You now see a warning when files are converted.
When you upload a file in a non-standard format (e.g. PDF, full color, grayscale, low DPI, etc.), Simplifile converts the file to our standard format (black and white TIFF at 300 DPI). In most cases, this conversion doesn’t change the content of your document. However, in rare instances there may be added speckling, or handwritten signatures may not come through.
To prevent potential rejection or issues with the county, we now show you a warning when we convert the file so that you can double check the document for issues before sending. You can disable this warning at any time.
New Collaboration and Post Closing Features
Lenders can now reopen completed documents for collaboration.
When a document has been reviewed and approved, it is marked complete and collaboration ends. However, from time to time you may have a last-minute change after initial approval. Now you have the option to “Request New Version” under a document’s “Actions.”
If you request a new version you’ll be asked to provide a reason, then collaboration will begin again.
We now generate recording invoices for e-recorded loans.
Settlement agents require invoices for each security document recorded in order to disburse and reconcile recording fees. In order to save you time, we now generate these invoices when you begin Simplifile e-recording from Collaboration.
The invoices are added to the loan’s .zip file and include the document name, document type, number of pages, entry number or book and page, recording date, recording amount, and recording taxes.
With multiple recorded documents, each has a separate invoice to make reconciliation simple.
You can now easily split fees.
We’ve added an “Add Split” option under Disclosures so that you can easily show when fees are being split between borrower and seller and for what amount.
For example, you can now split the cost of the credit report between the buyer and seller.
Thanks for your suggestions and stay tuned for the next update. Many improvements and new features come from your feedback. See something you’d like added in a future update? Email us at email@example.com or use the "Send Feedback" feature within the application.