ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, reports that it now offers a selection of packages for small to midsize lenders.
These packages provide reduced rates to lenders that close 200 loans or less each month and are using one of the key loan origination systems integrated with ClosingCorp’s closing cost data solutions or Web service, the firm says in a press release.
Lenders can choose from the following distinct, preset packages of services to help streamline the loan estimate process:
- Transfer tax and recording fees (non-guaranteed);
- Title, settlement, transfer tax and recording fees (non-guaranteed), with access to ClosingCorp’s network of service providers to fulfill quotes and orders;
- Additional real estate services that borrowers can shop for (not including appraisal management company or inspection) as well as title, settlement, transfer tax and recording fees (non-guaranteed), with access to ClosingCorp’s network of service providers to fulfill quotes and orders; and
- Full access to all ClosingCorp provider fees (guaranteed), as well as ability to access to its network of service providers to fulfill quotes and orders.
“Lenders are spending increasingly more time and money to comply with the TILA-RESPA Integrated Disclosure rule,” said Carol Crawford, senior vice president of marketing communications and inside sales at ClosingCorp. “Our new offerings allow us and our integrated partners to provide an ‘out-of-the-box’ solution at an even more competitive rate to help [small to midsize] lenders remain compliant and profitable.”