Providence, RI (PRWEB) March 28, 2014
Lincoln Abstract & Settlement Services is pleased to announce the release of their newest title product offering, a Nationwide GFE Calculator. The GFE Calculator is designed to help clients calculate accurate title premiums and closing costs in all 50 states.
Lincoln Abstract offers clients some of the most innovative technology and specialized title and closing products in the industry, in addition to a staff of knowledgeable and experienced curative title specialists. “By offering a Nationwide GFE Calculator, Lincoln Abstract is now able to provide another critical tool to members of the mortgage industry,” stated Jennifer S. Johnson, Executive Vice President and Attorney for Lincoln Abstract & Settlement Services. “We are very excited to release this new product and we expect nothing but great results for our clients.”
The release of the GFE Calculator coincides directly with Lincoln Abstract’s ongoing efforts to implement The American Land Title Association (ALTA) Best Practices Framework: Best Practice 4. ALTA’s Best Practice 4 is focused on adopting standard real estate settlement procedures and policies that help ensure compliance with Federal and State Consumer Financial Laws as applicable to the Settlement process. The GFE Calculator allows Lincoln Abstract to provide clients with accurate fees and consistent pricing, both of which are major components of real estate settlement procedures and policies as outlined in this particular Best Practice.
Lincoln Abstract’s GFE Calculator consistently computes a dependable estimate of individual recording fees and mortgage/transfer taxes, and is devoted exclusively to presenting only exact title rates and settlement fees. The Calculator can quickly determine closing costs specific to each transaction, helping to confirm the initial GFE and Truth-In-Lending statement immediately. Not only does the GFE Calculator help to ensure RESPA compliancy, but it also helps to alleviate re-disclosure delays in the loan process.
The GFE Calculator can be conveniently accessed via Lincoln Abstract’s website, at http://www.lincoln-abstract.com. With just a few clicks, clients are able to pull quotes and create reports. Lincoln Abstract is also able to provide clients with their own accounts, enabling them to save their quotes and return to them when needed. In addition to being easy to learn and use, the GFE Calculator also eliminates unnecessary phone calls, emails and faxes, saving clients a significant amount of time and money. Furthermore; in order to make it easy for clients, all data is provided in GFE and HUD-friendly formats.
ABOUT LINCOLN ABSTRACT
Lincoln Abstract & Settlement Services was founded in 2011 to further enhance the services offered to clients of sister company Lincoln Appraisal & Settlement Services. Lincoln Abstract is experienced in all facets of the mortgage industry, offering title, closing and escrow assistance to national, regional and statewide lenders and brokers. To learn more about the company and services offered, visit http://www.lincoln-abstract.com, or contact Jennifer S. Johnson, Esq. at 401-831-3500, ext. 137 or via email at jsjohnson(at)lincoln-abstract(dot)com.