PALM BEACH, Fla.--(EON: Enhanced Online News)--ClosingCorp, a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, announced at the American Land Title Association Annual Convention that it has enhanced its DART technology, enabling title and settlement professionals to use the service for more loan and property types, as well as lien positions.
“By expanding the types of loans and properties for which DART can be used, users now have a comprehensive tool to efficiently gather the data needed to accurately complete the mortgage process”
DART, which provides guaranteed recording fee and transfer tax information for any residence in the nation, can now be used for non-FHA and FHA reverse mortgages (e.g., Home Equity Conversion Mortgages) and construction-to-permanent loans for both purchase and refinance scenarios. Title and settlement professionals can also obtain data from DART for manufactured and cooperative housing property types as well as additional lien positions, including first and second concurrent mortgages and stand-alone second mortgages.
“By expanding the types of loans and properties for which DART can be used, users now have a comprehensive tool to efficiently gather the data needed to accurately complete the mortgage process,” said John Lortscher, director of data management at ClosingCorp. “Accurate data is at the very foundation of every successful transaction, and it is nearly impossible to efficiently obtain without an application such as DART. The more accurate the information, the greater the likelihood the loan will close on time without any surprises.”
Introduced in December 2011, DART is available in both web services and browser-based implementations. Tax questions, documents and data results change dynamically based on a user’s selections, providing a customized, intuitive workflow. With more than 4,000 recorder offices and tax jurisdictions and over 80,000 related taxes, fees, customs, rules and regulations, it is crucial for title and settlement professionals to have an automated system to provide timely, accurate recording fees, transfer taxes and filing instructions.
ClosingCorp is a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers to save them time and money on residential real estate transactions. Through its network of nearly 12,000 real estate service providers, the company maintains the most comprehensive database of up-to-date closing costs, including recording fees and transfer taxes, for all residential properties in America. This valuable data is delivered quickly and efficiently to clients via ClosingCorp’s innovative technologies, such as SmartGFE®, SmartGFE® Calculator, SmartOrder℠, DART℠ and Closing.com. To learn more visit www.closing.com.