FIRST TITLE’S FIRSTVISION PLATFORM FEATURES
Updated Nationwide Closing Cost Calculator
Encompass GFE and Ordering Interface
New TRID Screens
1
www.firsttitleservices.com
1-866-4TITLES (484-8537) Presented By: Stephen J. Papermaster
3
As you know, our Web-Based System has been providing our customers with EXACT Title, Closing, Recordation and Transfer charges in order to prepare their GFE’s in the past. To assist you in further preparation of the new form GFE, we now display the charges in three different formats:
1. HUD-1 Line Number
2. GFE Block Number
3. Line 1101 Non-Itemized ChargesALREADY INCLUDED IN BUNDLE
Anatomy of First Title’s Fee Calculation System
4
Instant HUD-1
The “Estimated
HUD-1” button to
view your instant
HUD-1 is available
the second you
place your order!www.firsttitleservices.com
1-866-4TITLES (484-8537)
Once in the “Borrower” information screen
Go to the “Services” tab and select “Order Title & Closing”
Once in the First Title Order Screen• Enter your log-in credentials• Confirm your email• Pick the transaction type
• Lenders Policy for Refi & Equity• Owners Policy for Purchase
• Click the Inquire about fees button to view and import the fees
1
2
The 1100 & 1200 series GFE Fees are display for your review.
• Click the “Import” button, to send fees in to your Good Faith Estimate and other disclosures
1200. Government Recording and Transfer Charges
1200. Government Recording and Transfer Charges
100%Guarantee
Against Tolerance
Cure Violations
After ordering the Encompass Log and Services area will now indicate your order has been placed in three areas
• The new “icon” on your Order Title & Closing button
• The Log • The eFolder.
You will be notified by email when your order is complete.
• All title and closing documents are fully automated into Encompass through our FirstVision web service.
• Select the product ordered and click the “Retrieve” button.
After “Retrieving” the document. • The product is now available for
use in the Document Details window.
First Title and Escrow
First Title and Escrow
Commitment for Title Insurance Issued by
First Title and Escrow
Encompass Fee integration into the New 2015 Itemization Form
Loan and Closing Disclosure Forms
www.firsttitleservices.com
Encompass Fee Integration
• Understanding the changes included in 2015
Itemization form
• Borrowers ability to shop and choose
• Loan Estimate Form
• Closing Disclosures Form
Import Fees
First Title & Escrow - New Features for
201017
For this example we will generate a quote for the loan
amount of $382,500 on a purchase transaction.
Place the order by going to the Service tab to Order Title & Closing , after selecting First Title select
your title product and click the inquire about fees button and import your fees in to your 2015
itemization form.
2015 Itemization Form
First Title & Escrow - New Features for
201022
After importing your fee data as previously shown, it will now import into the 2015 Itemization Form
This form gives lenders to the ability to specify weather or not the borrower was : 1.Required to use the fees 2.Not required to but did not shop for fees3.Did shop for fees
Review 1100 Title Charges Title 1100
Identifying the borrowers fee choice
First Title & Escrow - New Features for
201025
1st click the icon listed next to the title fee line items to
activate the Fee Details box
First Title & Escrow - New Features for
201027
The borrower can shop for and did shop for check box options will designate what section the data displays in for the Loan Estimate and
Closing Disclosure Forms
Loan Estimate Page 2
The loan coast and other costs are displayed on page 2 of the Loan Estimate form. We will focus our attention on sections C, E, H that show:
First Title & Escrow - New Features for
201028
First Title & Escrow - New Features for
201029
Loan Estimate Page (2) contains fees related to
Title, Recording, Taxes and optional Title Insurance …
First Title & Escrow - New Features for
201030
Section C displays and sub-totals Title service fees the
borrower can shop for .
First Title & Escrow - New Features for
201031
Section E: Taxes and Other Government Fees from 1200 series of the 2015
Itemization
First Title & Escrow - New Features for
201032
Section H: Other showing optional fees like Owner Title insurance fees
Closing Disclosure Page 2
First Title & Escrow - New Features for
201033
Closing Disclosure Page 2 displays in sections how
the fees will be paid between the borrower and
the seller as closing
First Title & Escrow - New Features for
201034
Section C display the fee the borrower did shop for and how
they will be paid by the either the borrower or seller at closing as
defined in their negotiations and applicable law
First Title & Escrow - New Features for
201035
Section E . Taxes and Other Government Fees provide the
same borrower – paid and seller –paid options
First Title & Escrow - New Features for
201036
Section H. Other displays the optional title insurance fees
Top Related