LodeStar, a national provider of closing fee-related compliance tools for mortgage lenders, has integrated with nCino’s (NASDAQ: NCNO) mortgage suite for loan officers, borrowers, real estate agents and settlement agents. LodeStar is the first independent closing fee technology to be incorporated into the nCino Mortgage Suite’s dual automated underwriting systems (AUS) feature, which helps mortgage originators select best-fit products for borrowers by simultaneously submitting loan application data to Fannie Mae and Freddie Mac’s respective underwriting engines.
“nCino has consistently delivered added transparency, accuracy and convenience to its mortgage solution clients through all stages of the homebuying transaction, which made this integration a natural development,” said LodeStar CEO and Co-Founder Jim Paolino. “As the industry’s closing cost expert, LodeStar has worked tirelessly to bring clarity, precision and speed to the fee estimate and TRID process. We look forward to supporting nCino in their focus on streamlining more of the mortgage process through this integration.”
“Dual AUS functionality within nCino’s Mortgage Suite makes it easy for lenders to qualify the borrower’s best fit from a broad array of loan products without compromising on delivering an exceptional borrower experience,” said Lori Brewer, VP, Product at nCino. “With instant closing cost estimates from LodeStar, nCino’s Mortgage Suite can now generate accurate scenarios for any product.”
Founded in 2013 and utilized by thousands of originators nationwide, LodeStar helps mortgage professionals effectively manage their third-party closing costs to save both time and money as well as maintain TRID (TILA-RESPA Integrated Disclosure Rule) compliance. Quotes are automated in the mortgage lender’s origination system and 100% guaranteed for accuracy.
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.