Real estate data and technology company ClosingCorp is offering title insurance companies and settlement services providers a SmartGFE Calculator they can embed in their websites to help lenders calculate title and settlement rates, transfer taxes and recording fees for good faith estimates (GFE).
ClosingCorp — parent company of Closing.com and SmartGFE.com — says title companies provide rate schedules that are incorporated into the SmartGFE Calculator, which frees their sales associates from having to provide rate quotes via phone, email and fax.
The calculator’s ability to fully disclose title agent fees nationwide makes it easy for a newly hired loan officer or processor to understand pricing, regardless of the complexities of the fees and rates, the company said.
ClosingCorp continues to offer its SmartGFE Service to mortgage originators, providing real-time rates directly from Closing.com’s national database of service providers.
The SmartGFE service is available at SmartGFE.com and is currently integrated into loan origination systems CalyxPoint and Ellie Mae’s Encompass360.
For consumers, ClosingCorp offers Closing.com’s SmartClosing Calculator, which helps homebuyers estimate their closing costs, including monthly payments and cash needed to close, and helps sellers estimate their net proceeds.
The SmartClosing Calculator — winner of a 2009 Inman Innovator Award — is embedded on ZipRealty.com, Zillow.com, Trulia.com and more than 200 other real estate websites.