News

ValuAmerica Adds ClosingCorp’s SmartCalc℠ Closing Costs Calculator

Tue January 31, 2017

ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced today that ValuAmerica, a national provider of appraisal, title, closing and settlement services, is integrating SmartCalc, ClosingCorp’s customizable closing costs calculator, on its website to provide greater transparency for its lender and Realtor® clients.

Using SmartCalc, ValuAmerica will be able to provide accurate, instant online quotes, including actual title and settlement rates and fees, transfer taxes and recording fees on a 24/7 basis. Lenders, in turn, will be able to access accurate settlement services information for loan estimate and closing cost documents. In addition, Realtors® 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.

“ValuAmerica is committed to helping our clients accurately estimate the fees and taxes that go into mortgage transactions and to make this information easy to access and consume,” said Shawn Murphy, executive vice president of ValuAmerica. “ClosingCorp’s SmartCalc will automate this process and make it available 24/7 to our clients nationwide.”

Commenting on the arrangement, Gerardo Caceres, senior vice president, Data Operations & Product Management of ClosingCorp, said: “We designed SmartCalc for leading edge title companies, like ValuAmerica, that are committed to accuracy and expediting the origination and closing process. SmartCalc will enable clients and advisors, such as Realtors®, lawyers and accountants, to find the information they need to keep their borrowers and sellers fully apprised of closing costs throughout the home buying/sales process.”

About ClosingCorp

Headquartered in San Diego, Calif., ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies and strong alliances, the company delivers timely, accurate and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies and real estate professionals. Clients rely on ClosingCorp to help improve efficiencies and mitigate risk. For more information, please visit www.closing.com.

About ValuAmerica

ValuAmerica, headquartered in Pittsburgh, is wholly owned by Clayton Holdings LLC, a subsidiary of Radian Group Inc. (NYSE: RDN), and is a provider of real estate information and technology services to the mortgage and real estate industry. The company provides a comprehensive suite of appraisal, title, closing, and settlement services as well as develops technology to help automate workflow and compliance processes. For more information, visit www.valuamerica.com.