Mortgage

Small, midsize lenders get immediate access to closing cost data

ClosingCorp says SmartStart can prevent RESPA violations

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ClosingCorp, which provides real estate closing cost data and technology for mortgage lenders, real estate professionals and consumers, is now offering small to midsize mortgage lenders immediate access to its good faith estimate service, SmartGFE. The company's SmartStart program, announced today, will allow such lenders to receive accurate closing cost data for GFEs at a "highly discounted" rate within one day of signing up for the service, the company said. ClosingCorp's closing cost database contains actual rates offered by the company's network of nearly 12,000 real estate service providers, such as appraisal management companies and title services, as well as recording fees and transfer taxes. “Our SmartGFE is used by many of the nation’s largest lenders, and by launching SmartStart we are giving small to midsized lenders the opportunity to instantly experience the efficiencies and costs savings of obtaining accurate rates through our SmartGFE service,” said Mark N...