LodeStar Software Solutions has integrated real estate tax information from Ellie Mae’s Encompass digital mortgage solution into its platform, the company announced.
The integration will improve the accuracy of Loan Estimates and provide better data to mortgage professionals and title agents. Real estate taxes now are an add-on feature of LodeStar’s closing cost calculator for quotes throughout the country.
“Real estate taxes have been one of the most-requested data points from our clients,” LodeStar CEO Jim Paolino said in a release. “Quoting real estate taxes up front 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,” Paolino added. “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.”