ClosingCorp has announced that WFG National Title Insurance Company (WFG National Title) will provide its independent title agents access to ClosingCorp’s suite of products for the delivery of title insurance rates. WFG’s rates will be included in ClosingCorp’s SmartGFE service to deliver timely, up-to-date rates directly to lenders for good faith estimates (GFEs) that they provide to mortgage loan applicants. WFG will recommend that its independent title agents post ClosingCorp’s SmartGFE Calculator on their Web sites to instantly quote title insurance rates to their real estate agent and lender clients at any time. Additionally, WFG’s title insurance rates 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. WFG National Title and ClosingCorp are offering our agents access to a powerful and flexible tool allowing their lender customers to accurately complete the GFE based on the new rules, with the agents’ fees and title premiums pre-loaded,” said Joseph Drum, Esq., executive vice president for WFG National Title Insurance Company.
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.
“WFG is dedicated to supporting its independent title agents and providing them with the tools they need to both adapt and succeed in a changing marketplace, which aligns with our goal of providing the most accurate data to clients in the fastest method possible,” said Paul Mass, president of ClosingCorp. “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. The combination of our data and technologies will enable WFG to better serve agents, lenders and consumers.”