The new GFE ExpressQuote is now available.
As
you know, on January 1 the Real Estate Settlement Procedures Act
(RESPA) reform went into effect, requiring lenders to provide
residential customers with a new form of Good Faith Estimate. And,
since title fees fall within a tolerance level group that cannot change
more than 10% in aggregate, it is crucial that the estimates you
receive from your title company are accurate.
Now
Stewart Title Guaranty Company can provide exactly what you need with
our new online calculator, GFE ExpressQuote.
GFE ExpressQuote will
replace SNAPP. It helps you quickly get reliable electronic quotes in
an easily downloaded or emailed GFE format for:
•
Title service fees
•
Title premiums
•
Recording fees
•
Transfer taxes
Features
of the GFE ExpressQuote
include:
•
24/7 availability
•
Built-in geographical intelligence to allow for unique state
requirements, such as transfer taxes
•
Access to repository for all quotes generated within a one-year time
period
•
Downloadable quotes available on the spot
•
Visual representation that shows you exactly where the pricing is
placed in your 2010 Good Faith Estimate
You
will be asked to log into the system to generate your quotes. This will
allow you to return to GFE ExpressQuote
to obtain a record of all of your quotes. You will
be redirected to GFE ExpressQuote
shortly.
Additional
functionality will be available in GFE ExpressQuote
as rates are available.