System Workflow. The Licensor will provide the following configurations for its integration in the LendingPad LOS platform.
Licensor will export fees to the following fields/sections
Disclosure Tab Section C. Services You Can Shop For for Title Agent fees and Title Insurance premiums
Disclosure Tab Section E. Taxes And Other Government Fees for all Transfer Taxes and other Government Fees
Title Agent information will populate in the Service Providers Tab.
Licensor will export fees with names as determined by the title agent. Licensor will not modify names of fees.
Exported transfer taxes will include seller side taxes as determined by Licensor. The seller side tax will be marked as seller obligated.
Exported title agent fees will be marked as APR and it will be Licensor’s sole discretion if a fee should be marked as APR.
Only buyer paid title agent fees will be exported. Lenders Policy and Owners policy paid by will be solely determined by LodeStar.
Licensor does not guarantee the accuracy of any fees, taxes, recording fees, or policy calculations.
Licensor will provide default endorsements as determined by selected title agent.Licensee will have ability to manually add endorsements