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 Sales Boomerang and Mortgage Coach:

Sales Boomerang and Mortgage Coach are trusted by more than 300 lenders, including brokers, independent mortgage companies, credit unions and banks to connect borrowers with the right loan at the right time.

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company’s intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry’s #1 borrower retention tool, Sales Boomerang helps lenders build lasting borrower relationships that maximize lifetime customer value. To learn more, visit https://www.salesboomerang.com.

Mortgage Coach is an award-winning platform that empowers mortgage lenders to educate borrowers with interactive presentations that model home 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 pull-through, repeat business and referrals. To learn more, visit https://www.mortgagecoach.com.

Learn more about Sales Boomerang and Mortgage Coach here!

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