ClosingCorp Introduces New Closing Cost Calculator

ClosingCorp has announced the release of SmartCalc, the company’s next generation online, customizable closing costs calculator designed to help title companies become more efficient and deepen their relationships with lenders and real estate agents.

SmartCalc enables title companies to provide, accurate, instant online quotes, including actual title and settlement rates and fees, transfer taxes and recording fees. Using SmartCalc, lenders will be able to access accurate settlement services information 24/7. In addition, real estate agents will now have a new tool to help them provide their sellers with the information they need to understand the potential proceeds from the sale of their property, including a breakdown of buyer and seller fees. SmartCalc’s personalized Seller Net Sheet shows the title, settlement services, transfer tax, recording fees and commission associated with the closing process.

“Title companies, lenders and Realtors are looking for new ways to add transparency to the home buying and selling process. They want to help their clients—both buyers and sellers—understand the costs associated with the transactions and do this as quickly as possible to eliminate surprises at the closing table,” said Kerry Stockel, product manager for ClosingCorp. “SmartCalc will be able to significantly boost productivity, increase efficiency and provide a sustainable solution to clients.”