LodeStar Integrates with BeesPath Collaboration Portal

November 10, 2015

LodeStar Software Solutions, a provider of compliance software for the mortgage and title insurance industries, has integrated its Loan Estimate Calculator with BeesPath ClosingBridge for initiating closing collaboration directly with title order delivery. According to LodeStar, the new service allows lenders and title agents to accurately quote and receive fees and then securely deliver those fees as a title order, starting collaboration at the beginning of a transaction. Lodestar will also be an authorized reseller of BeesPath’s ClosingBridge system.

“What I like most about ClosingBridge is that it’s not limited to any existing software but can connect to almost any system,” said LodeStar founder and CEO Jim Paolino. “The flexibility of ClosingBridge empowers title agents to work with any lender and lenders to work with any title agent without completely revamping their workflow.”

This new integration provides lenders and agents with tools to accurately quote fees including title insurance premiums, settlement fees and municipal recording and transfer taxes in all 50 states. The loan information is securely delivered to title agents as a new order and to lenders for import into their loan origination software and other systems for preparation of Loan Estimate and Closing Disclosure forms. Lenders and agents can then securely collaborate on data exchange, closing documents, communications, the preparation and delivery of the Closing Disclosure form, and on through post-closing.

In addition to providing a secure conduit for delivering documents and data, ClosingBridge also serves as a single integration hub for closing processes, providers and systems. ClosingBridge provides connectivity with title, settlement, loan origination, document prep, compliance and document management systems for seamless information flow during the entire closing transaction, according to a press release.

“By starting the collaboration at the very beginning of the transaction, lenders and title agents can get to closing faster and more efficiently.” said Todd Hougaard, president of BeesPath. “Lenders and agents both benefit from working together in the same secure system during the entire closing cycle.”

Contact ALTA at 202-296-3671 or communications@alta.org.