Company Expands Rate Calculator Offering in Four States
|February 24, 2011|
Colorado-based TI Services LLC., announced that it has expanded its TRACcalculator service outside of Colorado. Title companies in Florida, New Jersey, Pennsylvania and Texas can provide instant “Good Faith Title Estimates” to lenders for their GFEs and detailed title quotes to real estate agents and consumers, according to the company.
The TRACcalculator is designed to calculate title premiums incorporating applicable reissue and refinance discount programs, endorsements and title services, closing settlement services, estimated recording fees and applicable transfer taxes. In addition, the TRACcalculator can be customized to meet the needs of an individual title company, depending on state and local requirements, customary title practices and the use of multiple underwriters.
The TRACcalulator is incorporated into a title company’s website. For title companies that don’t have a company website, TI Services also offers the ability to create a company website/internet presence that utilizes the TRACcalculator service. According to Garry Wolff, CEO of TI Services, the TRACcalculator service can benefit both the title company in providing their information without any human intervention as well as their clients who needs immediate access to such information.
“In fact, after one and a half years of providing its TRACcalculator service in Colorado, tracked data reflects that 15 to 20 percent of all HUD-GFEs and title quotes provided by the TRACcalculator are being obtained after business hours and on weekends,” Wolff said.