HUNTERSVILLE, N.C., March 3 /PRNewswire/ -- The Accurate Title Group, LLC ("ATG") is pleased to announce the release of its TAG Good Faith Estimate Calculator (TAG GFE). This exciting new product comes in response to the Real Estate Settlement Procedures Act (RESPA) and its revisions to the Good Faith Estimate (GFE) and HUD-1 Settlement Statement.
The TAG GFE provides instant, accurate calculations for purchase, refinance and home equity transactions in all 50 states and all counties for title insurance premium, endorsements, CPL fees, search, closing fees, recording costs and transfer taxes.
"We quickly assessed the available market and saw an opportunity to divert our IT priorities to leap frog the competition on fee disclosure," said ATG's CIO Mike Cullen. "It is exciting to streamline the development of technology to provide more accurate, detailed and comprehensive fees faster than any other product available today. We see this as a step towards a fully automated, instant HUD-1."
The TAG GFE is a user-friendly tool that is helping ATG quickly grow its national market share by simplifying GFE and HUD-1 preparation for high volume mortgage and home equity processors. It also ensures GFE compliance and advises lenders of how fees are customarily split between sellers and buyers throughout the country, enabling lenders to confidently quote and close purchase transactions nationally. When ATG provides the settlement services in combination with the TAG GFE, a lender is assured of accurate disclosures.
The TAG GFE is built so it can be quickly accessed via the ATG web portal or via a loan origination XML interface. An overview of the product can be found at: http://www.accurategroup.com/tag-gfe.pdf
The Accurate Group, LLC
The Accurate Group, LLC ("Accurate") is a full service appraisal, title insurance, closing and settlement provider. Accurate allows its clients to reduce expenses, improve capacity management, mitigate risk, and significantly reduce processing time. Accurate leverages its technology to make the settlement service process more efficient than ever before. For more information, visit http://www.accurategroup.com .
SOURCE The Accurate Group, LLC