4 Tips for Better Communication with Your Sales Team

    There are many requirements for great mortgage banking leaders, but one of the most important is exceptional communication skills. In a recent Harvard Business Review article, author Carmine Gallo recommends four strategies to boost your communication with your sales team.

Estimated reading time: 0 minutes, 33 seconds

Lenders Using LodeStar Closing Fee Tech Required One Cure Every 22K Quotes

Mortgage loan originators using the closing fee calculator technology of LodeStar Software Solutions in 2022 averaged one inaccuracy requiring a cure out of every 22,000 fee estimates or quotes, according to the company.

lodestarLodeStar is a national provider of closing fee-related compliance tools for mortgage lenders.

The TILA-RESPA Integrated Disclosure rule mandates that closing fees reported on each transaction’s Closing Disclosure must fall within a specified level of accuracy in comparison with the Loan Estimate disclosure issued by the lender at the beginning of the mortgage process. Where specified fees disclosed in the Closing Disclosure fall outside of those accuracy guidelines, that lender is legally responsible for curing the difference, according to LodeStar. 

Read 118 times
Rate this item
(0 votes)

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.