CoesterVMS Introduces Disclosure Calculator – NMP Skip to main content

CoesterVMS Introduces Disclosure Calculator

National Mortgage Professional
Oct 12, 2015

To ensure compliance with new TRID requirements, Rockville, Md.-based CoesterVMS has released a disclosure calculator that produces fee quotes based on property complexity and product selection.

According to the company, the calculator uses a multi-factor approach that considers the following when providing an estimate:
•Mean appraiser fee for selected product in property market
•Finished square footage
•Lot size
•Estimated value

Following the calculation, users have the option to place an order or save the quote for later use.  After saving, the print option downloads a PDF version of the quote for reference in the loan file or discussions with consumers.

The My Quotes menu allows users to manage, print and place orders from saved quotes.  Access to saved quotes follows CoesterVMS' standard user right hierarchy to allow for coordination between sales, operations and management.

The system will populate all information directly into the order form for orders placed from quotes, including the quoted fee.

Published
Oct 12, 2015
More from
Tech
Capacity Closes $38M In Series C Funding, Surpasses $62M In Total Capital Raised

AI-powered automation platform, Capacity, announced an additional $27 million in Series C funding, closing out the round at more than $38 million.

Tech
Jan 19, 2022
Bubble Releases Its Insurance-in-a-Box Offering

A new technological innovation straight out of Silicon Valley provides companies home and life insurance an instantaneous online process.

Tech
Jan 17, 2022
OptifiNow And NextUs Lending Announce New Partnership

CRM solutions provider, OptifiNow, announced its latest partnership with Irvine-based non-QM wholesale lender, NextUs Lending.

Non-QM
Jan 13, 2022
Digital Lending Platforms Market Size Undergoes Extraordinary Growth

The global digital lending platform market size is projected to reach $20.31 billion by 2027.

Tech
Jan 12, 2022
Demand For Financial Protection Policies Increase

As the number of claims increased over the pandemic, premiums for financial protection policies rose.

Tech
Jan 12, 2022
loanDepot Wholesale Upgrades mello Broker Portal

loanDepot Wholesale will introduce new upgrades to its mello®Broker Portal to further streamline the closing process for brokers and settlement agents.

Tech
Jan 12, 2022