ClosingCorp Introduces SmartCal Closing Costs Calculator

October 6, 2016

ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced it has released an online, customizable closing costs calculator designed to help title companies be more efficient and deepen their relationships with lenders and real estate agents.

SmartCalc enables title companies to provide, accurate, instant online quotes, including actual title and settlement rates and fees, transfer taxes and recording fees, the company said in a release. Using this tool, lenders will be able to access accurate settlement services information, the company said in a release. In addition, Realtors will now have a new tool to help them provide their sellers with the information they need to understand the potential proceeds from the sale of their property including a breakdown of buyer and seller fees. SmartCalc’s personalized Seller Net Sheet shows the title, settlement services, transfer tax, recording fees and commission associated with the closing process.

“Title companies, lenders and Realtors are looking for new ways to add transparency to the home buying and selling process. They want to help their clients—both buyers and sellers—understand the costs associated with the transactions and do this as quickly as possible to eliminate surprises at the closing table,” said Kerry Stockel, product manager of ClosingCorp. “SmartCalc will be able to significantly boost productivity, increase efficiency and provide a sustainable solution to clients."

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