Wednesday, 3 March 2021 | The Latest Buzz for the Appraisal Industry

New Integration Gives Lenders Snapshot of Closing Provider Fees

LodeStar Software Solutions, a provider of loan estimate fee insight, has formed an integration with Mortgage Coach, developer of the Total Cost Analysis Borrower Conversion Platform.

The integration allows lenders of any size to include accurate closing provider fees when creating a Total Cost Analysis (TCA) for borrowers.

Loan originators can easily access the LodeStar Loan Estimator, a TRID (TILA-RESPA Integrated Disclosure Rule) compliant API, to import closing costs into Mortgage Coach’s TCA presentations. Delivering real-time and accurate comparisons enables the loan originator to show the total cost for each loan option at closing and over time.

“When our originators deliver options, we need to include the specific savings we provide our clients, given our relationships with thousands of local service providers,” says Paige Hagerhost, senior vice president with McLean Mortgage. “This unique integration helps ensure we can provide the best benefits and transparency for a fast decision.”

The LodeStar and Mortgage Coach integration is now available to any lender with access to Mortgage Coach Enterprise Edition and LodeStar Loan Estimator.

Photo: Paige Hagerhost

The post New Integration Gives Lenders Snapshot of Closing Provider Fees appeared first on MortgageOrb.

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