The national average total closing costs for a purchase mortgage transaction were $4,661. This amount consists of a national average of 1.06% of the home sales price.
For this special episode of the Full Disclosure podcast, Jim and Alayna are returning to their Lending Leaders roots and welcoming an exciting guest, Brian Vieaux, CMB, the new president of MISMO. Together they discuss the future of mortgage industry standards and how rapidly AI is changing the game.
With 254 counties, Texas offers numerous opportunities for tax or fee variability, and thus, its fair share of LE challenges.
While much of its real estate transactional volume takes place in Maricopa County, the state of Arizona does offer one occasional challenge in the assembling of the LE.
Perhaps Georgia’s most notable feature (in terms of LE challenges) is that it’s part of the class of so-called “attorney states.”
The Commonwealth of Pennsylvania holds a special place in our hearts, since it’s where LodeStar calls home. Pennsylvania does offer a handful of challenges for those assembling Loan Estimates for transactions occurring there.
LLL recently had the pleasure of sitting down with Windy Lafond, CEO and Founder of Genie Notary Inc. During the pre-podcast prep conversation, Jim and Windy were delighted to discover they have a ton in common. We were eager to hear Windy’s incredible story and pick her brain about all things notarization.
LLL recently had the pleasure of sitting down with Roy George, Managing Partner at MOR Lending. Roy was eager to share some recent changes and what he’s learned along the way.
LLL recently had the pleasure of sitting down with Kevin Peranio, Chief Lending Officer at PRMG, Inc. Kevin has been in the industry for a long time and is no stranger to rises in falls in volume. He shared some of his wisdom about how to endure in changing markets, and how to build a business designed for the long haul.
We recently announced that LodeStar’s own client superstar, Kelsey Wright (our Director, Customer Operations) completed a certification class with our partner ICE Mortgage Technology. The result is that Kelsey is now a certified Encompass Administrator.
LodeStar is looking for lenders to beta test an exciting new product. This product will allow lenders to disclose monthly and one-time mortgage costs to borrowers before receiving an application.