SAN DIEGO, July 16, 2015 /PRNewswire/ -- ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, announced today that it has entered into a relationship with Bills.com, the leading resource for free and personalized money help, to provide detailed closing cost data and a consumer-facing, closing-cost calculator for Bills.com users.
Every month, more than 6 million consumers visit Bills.com's online properties to find information on mortgages and other financial products, compare interest rates and terms, and receive offers from leading lenders. As a result of this agreement, Bills.com users will now be able to input a minimal amount of information and see a very "tight" estimate of the amount of fees and costs—such as title and transfer taxes—that might be required to close their loan.
This will provide transparency into the hidden costs of mortgage origination and prevent unhappy surprises at the closing table. A recent study, conducted by ClosingCorp, showed that two-thirds of Millennials were unaware that there were closing costs during the home buying process.
ClosingCorp tools help consumers understand the rates and fees for closing-related services in their specified county. Consumers can enter a state, county, transaction type, purchase price and loan amount, and then receive customized closing cost calculations. These costs can include appraisals, title and settlement, inspection services, transfer tax, recording fees and more.
"For the past nine years, Bills.com has provided consumers with unbiased information from professionals and the ability to view customized loan offers, based on qualification criteria and programs from some of the best lenders in the country," said Ethan Ewing, President of Bills.com. "Our deal with ClosingCorp now allows us to supply our customers with more complete details on the costs and fees associated with purchasing and refinancing a home, so they can go into the biggest transaction of their life with their eyes open."
Brian Benson, CEO of ClosingCorp, added, "Bills.com offers broad access to consumers who are seeking insights and information to make informed financial decisions. ClosingCorp tools and data can give these consumers a more complete picture of the costs of buying a house."
For more information about ClosingCorp, visit: www.closing.com
Bills.com is the leading resource for free and personalized money help. Founded by a group of financial experts dedicated to helping consumers save time, money and stress, Bills.com is designed to give consumers confidence in making money decisions. The site offers useful information, powerful tools, and real money experts to give consumers the information that they need in the way they want it. For more information, please visit www.bills.com.
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, predictive 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.