Retail mortgage lender Guaranteed Rate has launched an encrypted, cloud-based platform that borrowers can use to transmit documents to loan officers.
Transfersafe gives borrowers the ability to upload their income documentation with a smartphone or mobile device. It also includes a drag-and-drop feature for uploading files from a home computer.
“Transfersafe is the next major step in our evolution of the mortgage process,” said Chief Executive Victor Ciardelli in a news release Tuesday, adding that the service is designed to make lending “quicker, easier and more transparent.”
Guaranteed Rate has its headquarters in Chicago.