Magazine article Mortgage Banking

Timios Releases Online GFE Quote Calculator

Magazine article Mortgage Banking

Timios Releases Online GFE Quote Calculator

Article excerpt

Timios Inc., Westlake Village, California, a national title insurance and settlement services company, announced it has developed a 100 percent RESPA-compliant online Good Faith Estimate calculator. The new online solution allows lenders to quickly and easily enter loan information, instantly displaying an accurate fee quote.

"During testing, the feedback we received highlighted the ease of use of the application. Our customers acknowledged that our new instant rate calculator works more efficiently than existing integrated solutions," said Len Splane, Timios' executive vice president. "[This] is a testament to the speed, accuracy and simplicity we were trying to achieve with this solution."

Timios has expanded its operation to cover 38 states, and is currently servicing several top regional and national lenders, according to the company. Utilizing an online, paperless system allows customers to access important files and documents instantly at any time, day or night.

"We saw the need in the marketplace for an instant rate calculator that would meet the new RESPA requirements," said Trevor Stoffer, president and chief executive officer of Timios. …

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