ClosingCorp, an independent closing cost data and technology company, and WFG National Title Insurance Co. announced a deal that will provide WFG’s independent title agents access to ClosingCorp’s suite of products for the delivery of title insurance rates.
WFG National Title’s rates will be included in ClosingCorp’s SmartGFE service to deliver timely, up-to-date rates directly to lenders for good faith estimates. In addition, WFG will recommend that its independent title agents post ClosingCorp’s SmartGFE Calculator on their websites to instantly quote title insurance rates to their real estate agent and lender clients at any time. WFG’s title insurance rates also will be available to consumers through ClosingCorp's Closing.com, enabling individuals to shop for residential closing services and rates.
“When the new GFE/HUD-1 makes its way into our industry, as we believe it will, later this year, the SmartGFE will be a real boon to agents,” said Joseph Drum, executive vice president for WFG National Title. “WFG National Title and ClosingCorp are offering our agents access to a powerful and flexible tool that allows their lender customers to accurately complete the GFE based on the new rules, with the agents’ fees and title premiums pre-loaded.”
WFG National Title’s independent title agents will now receive discounts on the SmartGFE Calculator, which instantly generates title and settlement rates, as well as transfer tax and recording fees.
“Our nationwide network of more than 10,000 real estate service providers allows us to deliver the most extensive, current rates and fees available to all parties involved in the real estate transaction,” said Paul Mass, president of ClosingCorp. “The combination of our data and technologies will enable WFG to better serve agents, lenders and consumers.”