Ernst, the leading provider of technology and closing cost data for the real estate and home finance industries for the past 29 years, announced that the company would make its industry-leading Smart Query fee calculator available to title and settlement companies on a white-labeled basis, the company announced in a release.
The new offering will allow settlement agents to place self-branded calculators on their website and quote their own title premiums and settlement fees with guaranteed accuracy to any lender who requests it.
"Smart Query is the industry's most relied on fee calculator and now title agents can use it to win more business," Ernst Publishing CEO/President Gregory E. Teal said in the release. "By making our technology available to title and settlement companies, we are giving them the power to offer customized fee calculations right on their websites with their own fees and branding while backed by the power of Ernst. It provides an easy way for our partners to build their title businesses."
Ernst's technology was originally designed to calculate recording fees, transfer taxes, title and settlement fees, inspection fees and property taxes, but this personalized search engine puts an end to generic title and settlement fees and offers an instant product for agents to market their services.
Agents are now able to market their personalized services with their preferred style, merging Smart Query into the aesthetic of their business website. The result is easy access to the information lenders need, backed by Ernst's guaranteed reporting, fee calculation and management, the release said.
Ernst programs processed 250 million real estate transactions in 2017, making it the most used technology of its kind in the industry. Since the company was founded 29 years ago, Ernst has processed well over 1 billion transactions and unveiled dozens of technologies and products that produce efficiency across the real estate industry.