Closing costs as a percentage of sales price hovers around 0.5% to 3%, with an average percentage of 1.04% and a median of 0.85%. Just like in 2025, Delaware leads the pack at a whopping 3.06% of the sales price.
Here on the Full Disclosure podcast, we try to keep things chill. But when it’s time to grind our gears… don’t even get us started.
Horace and Octavia continue their protracted conflict over the use of the CRM (or lack thereof).
Octavia can’t stand when the other loan officers refuse to implement time-saving automations.
Think about how Chat GPT-like technology could help us in the mortgage industry, especially with one of my favorite targets, the borrower experience.
For this week’s episode of LLL, Jim sits down with Babar Chaudhary, Founder of Mortgage Automation, to talk about one of the mortgage industry’s most overused buzzwords: automation.
One of the most straight-forward of states when it comes to LE and closing cost complexities, Maine assesses recording fees statewide, on a scale determined by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.
Unlike past down cycles, the focus for lenders—at least the ones we talked to—isn’t just keeping costs low until volume rebounds. It’s automation.
For this week’s episode of the LodeStar Lending Leaders Podcast, Alayna chats with Molly Elmore, Partner at Valhil Advisors and co-host of the new podcast Escape Velocity, about how Blockchain is changing the internet and the economy at large.
I’ve been thinking about innovation a lot lately. When the market slows and order volumes decline, we suddenly have the time we didn’t have when things were busier.