Closing Estimate

Closing costs are fees associated with price of the property in a real estate transaction, that are paid at the closing of the transaction. Closing is the point in time when the title of the property is transferred from the seller to the buyer and this closing costs are incurred either by the seller or by the buyer. Costs incurred include loan origination fees, discount points, appraisal fees, title searches, title insurance, surveys, taxes, deed-recording fees and credit report charges.

Services Offered

• All possible services provides for a specific service type for a specific Loan Estimate file.

• Allows clients to update the transaction details and property characteristics of a GFE file.

• Creates a new Loan Estimate file with answers to tax questions and returns data including calculated fees.

• Get FIPS code.

• Retrieves all required questions based on loan information needed.  

• Selects one of the possible Service Providers for a specific Service type for a particular Loan Estimate file.

• Update the index file.

• Updated loan data from existing Loan Estimate file.

FinConnect supports Closing Estimate Services through:

• Closing Corp® Smart Fees

• ERNST®

For more details refer: