LodeStar Launches Connect Calculator For Encompass

LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders, has launched LodeStar Connect, a closing fee calculator for mortgage lenders of any size available through Encompass by ICE Mortgage Technology, which is part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure.

LodeStar Connect is a streamlined version of the company’s flagship product and is available only to all mortgage lenders using Encompass. The tool offers access to title fees and is fully integrated with the Encompass platform. Users can instantly and accurately generate quotes and estimates within Encompass using LodeStar Connect.

“LodeStar Connect affords smaller mortgage lenders access to our accurate and continuously updated repository of national title agents,” said Jim Paolino, CEO of LodeStar. “It enables growing lenders who may be using manual processes or templates to deliver estimates faster and more accurately, empowering them to spend more time doing what they do best: selling mortgage loans. It’s a perfect compliance tool for lenders expanding their footprint.”

Philadelphia-based LodeStar Software Solutions develops tools that ease lender margin compression for mortgage lenders nationwide. Its solutions attack necessary costs and expenses, streamlining and corralling them to minimize time and expense. 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 their providers’ fees from a single platform across their entire network. The company was named number 8 on the 2021 Philadelphia 100, produced by the Entrepreneurs Forum of Greater Philadelphia, which honors the top 100 fastest growing privately held businesses in the greater Philadelphia region.