ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently announced a new partnership with Bills.com, the leading resource for free and personalized money help. The new alliance will allow ClosingCorp to provide detailed closing cost data and a consumer-facing, closing-cost calculator for Bills.com users.
“For the past nine years, Bills.com has provided consumers with unbiased information from professionals and the ability to view customized loan offers, based on qualification criteria and programs from some of the best lenders in the country,” said Ethan Ewing, president of Bills.com. “Our deal with ClosingCorp now allows us to supply our customers with more complete details on the costs and fees associated with purchasing and refinancing a home, so they can go into the biggest transaction of their life with their eyes open.”
Bills.com users will now be able to input a minimal amount of information and see a very “tight” estimate of the amount of fees and costs—such as title and transfer taxes—that might be required to close their loan, ClosingCorp said. This will provide transparency into the hidden costs of mortgage origination and keep consumers satisfied at the closing table.
ClosingCorp explained that their tools help consumers understand the rates and fees for closing-related services in their specified county. Consumers can enter a state, county, transaction type, purchase price, and loan amount, and then receive customized closing cost calculations. These costs can include appraisals, title and settlement, inspection services, transfer tax, recording fees, and more.
“Bills.com offers broad access to consumers who are seeking insights and information to make informed financial decisions," said Brian Benson, CEO of ClosingCorp. "ClosingCorp tools and data can give these consumers a more complete picture of the costs of buying a house.”