N.C.-based Title Agency Develops GFE Calculator

March 4, 2010

Huntersville, N.C.-based The Accurate Title Group released its TAG Good Faith Estimate Calculator (TAG GFE) in response to the Real Estate Settlement Procedures Act (RESPA) and its revisions to the Good Faith Estimate (GFE) and HUD-1 Settlement Statement.

Accurate Title said its 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."

Cullen said the TAG GFE 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 company said in a release.


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.