Lodestar Title Fees

Introduction

This tutorial will guide you through the process of using the automated title fees feature powered by Lodestar within the Broker Plus platform by PreApp 1003. This innovative tool streamlines the title fee calculation process, enhancing efficiency for mortgage originators and borrowers. By the end of this guide, you'll be equipped with the knowledge to utilize this feature effectively.

Step 1: Access the Lodestar Title Fees Feature

• Log into your Broker Plus account.
• Navigate to the dashboard where you can find various tools and features available to you.
• Look for the Lodestar Title Fees section, which should be prominently displayed.

Step 2: Input Property Information

• Once you have accessed the Lodestar Title Fees feature, begin by entering the necessary property details:
  • Property Address: Type in the complete address of the property for which you need title fees.
  • Property Type: Select the appropriate property type (e.g., single-family home, condo, etc.).
  • Loan Amount: Enter the loan amount related to the property.

Step 3: Review Title Fee Estimates

• After entering the required information, click on the “Calculate” or “Get Estimates” button.
• The system will generate a list of estimated title fees based on the provided data.
• Review the estimates carefully:
  • Check for any applicable discounts or adjustments.
  • Ensure all fees align with industry standards and your specific geographical area.

Step 4: Customize Title Fees if Necessary

• If you need to make adjustments to the estimates:
  • Look for options to modify specific fees or add additional services (e.g., expedited processing).
  • Save any changes you make to the fee structure before finalizing.

Step 5: Generate and Share the Title Fee Report

• Once you are satisfied with the estimates, you can generate a formal report.
• Click on the “Generate Report” button to create a downloadable PDF or document.
• Share this report with your clients or colleagues by:
  • Emailing it directly from the platform, if available.
  • Downloading it and attaching it to your communication.

Conclusion

By following these steps, you can efficiently use the Lodestar Title Fees feature within Broker Plus to streamline the title fee calculation process. Remember to double-check all inputs and estimates to ensure accuracy. As you continue to utilize this tool, you'll find that it greatly enhances both your workflow and client satisfaction. For any further inquiries or advanced features, consider exploring additional training resources or support offered by PreApp 1003.