Closing cost data and technology firm ClosingCorp is piloting a tool designed to help real estate agents answer a pressing question for their home seller clients: how much they can expect to take home after closing.

The San Diego-based firm says the tool, Seller Net Sheet, instantly calculates a seller’s estimated net closing proceeds for any property in the nation and allows title companies and other Internet content providers to offer their real estate agent clients a way to confidently explain those proceeds to home sellers.

“Consumers who are selling their property want a better way to understand potential proceeds, and real estate professionals across the nation face the challenge of accurately answering this question on a daily basis,” said Brian Benson, CEO of ClosingCorp, in a statement.

“We wanted to give title companies a powerful way to forge a deeper relationship with real estate agents who typically turn to them for help generating these accurate estimates.”

ClosingCorp, which counts mortgage lenders, title and settlement companies and real estate professionals as customers, has rolled out a pilot of Seller Net Sheet with Corinthian Title Company, Liberty Title & Escrow and TransAmerican Title & Settlement Services. ClosingCorp will make the tool available to the general market in July.

Seller Net Sheet is unique in that it uses actual rates, not averages, in its calculation and gives users the ability to create and compare up to three different transaction scenarios and view them side by side, the company said.

The tool allows users to set specific default settings that appear on all client-provided net sheets, such as contact information and commission values, the company added. Users can also define and set costs for real estate services, such as home inspection, pest inspection, natural hazard disclosures, home warranty, among other services.

ClosingCorp also offers a good faith estimate service, SmartGFE, that’s used by mortgage lenders to accurately estimate fees for settlement services like title insurance and stay within tolerances mandated by the Real Estate Settlement Procedures Act (RESPA).

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We're giving away 3 free ICLV tickets at Connect Now next week. Register and attend live for your chance to win!REGISTER×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription