LodeStar Software Solutions Integrates with Mortgage Coach’s Platform to Streamline Mortgage Production

LodeStar Software Solutions, a trusted provider of compliant loan estimate fee insight, announced an integration with Mortgage Coach, the creator of the Total Cost Analysis Borrower Conversion Platform. This integration allows lenders of any size to include accurate closing provider fees when creating a Total Cost Analysis (TCA) for borrowers.

Now, loan originators can easily access the LodeStar Loan Estimator, a TRID (TILA-RESPA Integrated Disclosure Rule) compliant API, to import closing costs into Mortgage Coach's TCA presentations. Delivering real-time and accurate comparisons enables the loan originator to show the total cost for each loan option at closing and over time.

“A service that delivers closing cost fees driven by accuracy is crucial to our business,” said Paige Hagerhost, SVP, Technology & Business Analyst at McLean Mortgage Corporation. “When our originators deliver options, we need to include the specific savings we provide our clients, given our relationships with thousands of local service providers. This unique integration helps ensure we can provide the best benefits and transparency for a fast decision.”

“Historically, automated, accurate data has been cost-prohibitive for many lenders,” said Jim Paolino, CEO of LodeStar. “LodeStar's innovative and cost-effective solutions enable more lenders to access untapped efficiency without compromising accuracy, creating a competitive edge for both LodeStar and our clients.”

Joe Puthur, President of Mortgage Coach, adds, “Mortgage Coach TCAs with LodeStar data helps lenders of any size streamline a crucial step in the origination process by delivering accurate, transparent, cost estimates to borrowers long before closing.”

The LodeStar and Mortgage Coach integration is now available to any lender with access to Mortgage Coach Enterprise Edition and LodeStar Loan Estimator. Visit http://archive.mortgagecoach.com/lodestar to learn more about this integration.

About Mortgage Coach:
Mortgage Coach is an award-winning borrower conversion platform that gives consumers the confidence to transact with educational presentations that model loan performance over time. The company’s side-by-side loan comparisons allow borrowers to make faster, more informed mortgage decisions while enabling lenders to consistently deliver an on-brand, consultative home financing experience that increases borrower conversion, repeat business and referrals. To date, more than 130 enterprise independent mortgage banks, depository banks and credit unions rely on Mortgage Coach to deliver personalized, modern service that grows revenue and customer loyalty. 

Twitter: @MortgageCoach #mortgage

Media Contact:
Johnna Szegda
DepthPR for Mortgage Coach
(470) 778-9989