TowneBank Mortgage’s integration of LodeStar Software Solutions will enable its employees to obtain quotes instantly through Ellie Mae’s Encompass system, the company announced.
“This integration is a true time saver for our entire operations team,” TowneBank Mortgage Chief Operating Officer James Miller said in a release. “As we continue to grow both the size and scope of our mortgage operations, it is critical to leverage innovative industry partners like LodeStar to drive efficiency and accuracy.”
As a result of the integration, TowneBank users can generate a quote securely from LodeStar’s Loan Estimate calculator without duplicating any data entry. The quotes are guaranteed for accuracy and returned in the proper TRID format. The quotes include transfer taxes, municipal recording charges, title insurance premiums and settlement costs across all 50 states.
“LodeStar is delighted to partner with a major industry player like TowneBank Mortgage,” LodeStar founder and CEO Jim Paolino said. “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.”