ClosingCorp, a closing cost data and technology company, announced that it has launched DART, a data service that will provide recording fee and transfer tax amounts for title and settlement professionals to use for closing transactions.
ClosingCorp said DART delivers access to accurate recording fee and transfer tax information for any address in the country and reflects unique requirements based on geographic location. DART’s data engine also calculates buyer/seller splits and has a strength or confidence level based on collected data of statutory and customary practices by geographic location.
“Since title and settlement agents ultimately pay and file recording fees and transfer taxes, having timely access to the most reliable data available is critical,” said Paul Mass, president of ClosingCorp. “ClosingCorp now represents the only true ‘sole source’ provider of all actual closing cost data that title and settlement professionals need. This additional offering complements our complete line of data solutions, which includes everything from title and settlement fees, to home inspection, home warranty, and other ‘Block 6’ fees. We are pleased to enter the market and provide a very competitive, alternative data source to title and settlements agents who depend on accurate recording fee and transfer tax amounts to close a residential real estate transaction.”
ClosingCorp’s initial version of DART will deliver the recording fees and transfer tax information via web services, enabling title/settlement companies and real estate solutions providers to seamlessly integrate the data into their current workflow.
ClosingCorp provides a DART API to facilitate easy implementation of the service. The data is returned via XML for use within the requesting application.