ClosingCorp, a provider of residential real estate closing cost data and technology, has released SmartCalc, a next-generation online, customizable closing costs calculator designed to help title companies be more efficient and deepen their relationships with lenders and Realtors.
SmartCalc enables title companies to provide accurate, instant online quotes, including actual title and settlement rates and fees, transfer taxes, and recording fees, the company says in a press release.
Using this tool, lenders will be able to access accurate settlement services information 24/7. In addition, Realtors will now have a new tool to help them provide their sellers with the information they need to understand the potential proceeds from the sale of their property, including a breakdown of buyer and seller fees.
The tool features a personalized Seller Net Sheet that shows the title, settlement services, transfer tax, recording fees and commission associated with the closing process.