Bills.com, where consumers can find information on mortgages and other financial products, compare interest rates, and receive offers from leading lenders, is now using ClosingCorp's closing cost data and technology to help make it even easier for users to compare the fees and other details of various mortgage loans.
As a result of this integration, Bills.com users will now be able to input a minimal amount of information and see a very ‘tight’ estimate of the amount of fees and costs – such as title and transfer taxes – that might be required to close their loan.
This will provide transparency into the hidden costs of mortgage origination and prevent unhappy surprises at the closing table, ClosingCorp says in a release. A recent study conducted by ClosingCorp shows that two-thirds of millennials are unaware that there are closing costs during the home buying process.
In a release, Ethan Ewing, president of Bills.com, says the partnership with ClosingCorp ‘allows us to supply our customers with more complete details on the costs and fees associated with purchasing and refinancing a home, so they can go into the biggest transaction of their life with their eyes open.’