Integration enables Taylor Morrison Home Funding to accurately quote Loan Estimate fees on new construction properties through Ellie Mae’s Encompass digital mortgage solution
New York, New York – Taylor Morrison Home Funding, the wholly owned subsidiary of one of the nation’s largest homebuilders, has launched an integration with LodeStar Software Solutions to accurately quote closing costs throughout the nation on new-home construction properties. This integration enables all Taylor Morrison Home Funding employees to obtain quotes instantly through Ellie Mae’s Encompass® digital mortgage solution.
“This integration will be a true time saver for our entire operations team,” said Rachelle Robarge, IT Project Manager and LodeStar implementation team member at Taylor Morrison Home Funding, along with Alphonso Del Manzana, Ellen Conner and Lauren Osborne.
“It is critical to leverage innovative industry partners like LodeStar to drive efficiency and accuracy. The level of customization they offer is unparalleled in the industry,” said Roy K. George, Vice President of Compliance at Taylor Morrison Home Funding.
Taylor Morrison Home Funding users can instantly and securely generate a quote from LodeStar’s Loan Estimate Calculator without duplicating any data entry. All quotes are guaranteed for accuracy and instantly returned in the proper TRID format. Fee quotes include transfer taxes, municipal recording charges, title insurance premiums and settlement costs across all 50 states. As a mortgage company owned by a homebuilder, most of the transactions are new construction properties. These can be requoted throughout the construction process at no extra charge.
“LodeStar is delighted to partner with Taylor Morrison Home Funding,” said Jim Paolino, CEO of LodeStar. “Until now, there did not exist a streamlined fee quoting solution for homebuilder properties on the market. Our secure, seamless integration with Encompass simplifies the manual fee-quoting process for the Loan Estimate and Closing Disclosure forms, so companies of all sizes can process mortgage loans faster and focus on growing their businesses.”
About Taylor Morrison Home Funding:
Taylor Morrison Home Funding is a wholly owned subsidiary of Taylor Morrison Home Corporation (NYSE: TMHC), a leading national homebuilder and developer that has been recognized in 2016, 2017 and 2018 as America’s Most Trusted® Home Builder by Lifestory Research. Based in Scottsdale, Arizona we operate under two well-established brands, Taylor Morrison and Darling Homes. We serve a wide array of consumer groups from coast to coast, including first-time, move-up, luxury, and 55-plus buyers. In Texas, Darling Homes builds communities with a focus on individuality and custom detail while delivering on the Taylor Morrison standard of excellence.
For more information about Taylor Morrison and Darling Homes please visit www.taylormorrison.com or www.darlinghomes.com.
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About LodeStar Software Solutions
LodeStar Software Solutions is a New York based company specializing in web-based compliance tools for the mortgage and title insurance industries. LodeStar’s Loan Estimate Calculator provides guaranteed closing cost estimates for all 50 states including title insurance premiums, transfer taxes, municipal recording charges and settlement services fees. Lenders can manage all of their providers’ fees from a single platform across their entire network. More information can be found at www.lodestarss.com or by emailing firstname.lastname@example.org
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877) 355-4362 to learn more.
LodeStar Software Solutions
Ellie Mae® and Encompass® are registered trademarks of Ellie Mae, Inc.