Fidelity Supports e-Closings for Refis, HELOCs

Jacksonville, Fla.-based LSI, a division of Fidelity National Information Services Inc., has launched ClosingStream 1.1, a Web-based closing solution for mortgage refinance and home equity lending transactions.The ClosingStream 1.1 deployment includes enhanced borrower authentication, borrower security, document delivery, and improved document question-and-answer segments, LSI said. With ClosingStream, LSI controls the entire title and closing process, eliminating the need to coordinate with several third-party providers. At the scheduled closing time, the borrower securely logs on to the ClosingStream website and dials a toll-free number to connect with an LSI closing representative, the company said. Using ClosingStream's online meeting application, the representative thoroughly covers each loan document to ensure that the borrower understands all the details. LSI said recent post-pilot consumer surveys of regular Internet users reported a 97% satisfaction rating when using ClosingStream to close their mortgage transactions. FNIS can be found on the Web at http://www.fidelityinfoservices.com.