LodeStar Integrates Real Estate Taxes into Closing Cost Solution

February 7, 2019

LodeStar Software Solutions, a residential real estate closing cost data and technology company, has integrated national real estate taxes into its closing cost data improve the accuracy of its Loan Estimates and provide better data to mortgage professionals and title agents. Lenders can obtain quotes instantly through Ellie Mae’s Encompass digital mortgage solution.

“Real estate taxes have been one of the most requested data points from our clients,” said Jim Paolino, CEO of LodeStar. “Quoting Real Estate Taxes upfront for the Loan Estimate form has been a major pain point for lenders. Our secure, seamless integration with Encompass simplifies the manual fee-quoting process for the Loan Estimate and Closing Disclosure forms, so companies of all sizes can process mortgage loans faster and focus on growing their businesses. Ultimately, the winner is the consumer, who will have a much more realistic idea of the upfront and recurring fees that can expect to pay.”

Real estate taxes are now live as an add on feature of LodeStar’s Closing Cost Calculator for quotes throughout the country. LodeStar’s quotes also include transfer taxes, municipal recording fees, title insurance premiums and settlement fees from title agents nationwide. All quotes are 100 percent guaranteed for accuracy, according to the company.

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