Ernst Publishing Set to Demo Its Cost2Close Monitoring Service – NMP Skip to main content

Ernst Publishing Set to Demo Its Cost2Close Monitoring Service

NationalMortgageProfessional.com
Mar 16, 2015

Ernst Publishing Company, a provider of technology and closing cost data for the real estate and home finance industries, has announced that the company will demonstrate its Cost2Close Monitoring Service technology at the upcoming Business Conference for the American Land Title Association (ALTA), set for March 18-20 in Philadelphia.

“Fees change and that’s a challenge our industry manages with every loan transaction every day,” said Gregory E. Teal, president and CEO of Ernst Publishing. “Too often, these changes occur without anyone involved in the loan transaction knowing it until they reach the closing table. These changes can result in costly lender cures, unhappy borrowers and complicated closings. Under the new CFPB rules, they can also lead to high non-compliance costs and late loan closings.”

Ernst’s patented Cost2Close Monitoring Service not only alerts Lenders and title closing agents working on the same loan of a change, it also goes a step further and recalculates that change automatically and simultaneously sends notifications to the Lender and the Closing Agent. From quote to closing, Ernst’s Cost2Close program can monitor and alert parties to changes for all Ernst managed fees.The technology is available now and will be demonstrated in Orlando during the MBA’s conference.

“Our borrowers and our regulators expect the fees on our loan estimates to match the closing disclosure,” Teal said. “This new technology makes certain that they do.”

Published
Mar 16, 2015
CFPB Alters Threshold For Exempting Loans From Special Appraisal Requirements

The 2022 threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans will increase from $27,200 to $28,500. 

Regulation and Compliance
Dec 02, 2021
Regulatory Review, Reformatted

The progress made to date with NMLS modernization

Regulation and Compliance
Dec 01, 2021
November Surprise: Fed May Accelerate Tapering

Chairman Powell tells Congress of concerns about inflation, COVID-19 variant’s effect on recovery.

Regulation and Compliance
Dec 01, 2021
FHFA's 2022 Conforming Loan Limit Maxes Out At Nearly $1M

Baseline limit for Fannie, Freddie increases to $647,200, but for 'high-cost areas' loan ceiling set at $970,800 for single-family homes.

Regulation and Compliance
Dec 01, 2021
Regulators Are Back In The Saddle

There’s not only a new sherriff in town, it’s a whole gang of them.

Regulation and Compliance
Nov 29, 2021
CFPB Seeks Insight On Creating A Fairer Mortgage Market

The Consumer Financial Protection Bureau has been actively looking to create a fairer mortgage market, free of discriminatory engagements. To do so, it issued a Request for Information to seek input on rules implementing the Home Mortgage Disclosure Act.

Regulation and Compliance
Nov 17, 2021