LA JOLLA, Calif., Feb. 29, 2012 – ClosingCorp, a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers, today introduced its SmartClosing Mortgage Calculator, which allows home buyers to shop for mortgage loans and estimate closing costs for any residence in the country.
San Diego-based Z57, Inc., a real estate Internet solutions provider for thousands of real estate professionals, will implement the tool to enable its real estate agent clients to make shopping for mortgages and accurate closing costs available to home buyers. These services help consumers make informed decisions regarding home purchases.
The SmartClosing Mortgage Calculator provides instant mortgage rate shopping, APR, monthly mortgage payments, closing costs and cash-to-close estimates in a single tool. Real estate agents and mortgage lenders can also use the calculator to identify and capture valuable lead information for individuals proactively seeking home buying information.
Z57, Inc. will integrate the SmartClosing Mortgage Calculator with its Internet marketing products as a valuable source of content for home shoppers. By offering closing cost estimates at key stages of the property research process, a consumer can make an informed decision regarding a property. The tool also will be used to identify potential home buyers for Z57’s real estate agent clients.
“While other calculators only provide monthly mortgage payments, ClosingCorp’s SmartClosing Mortgage Calculator provides accurate closing cost data that consumers need to gauge the real costs associated with buying a home,” said Ryan Whitlock, CEO of Z57. “It takes local regulations and customs into account while using real, up-to-date rates to ensure the most accurate data delivery. By partnering with ClosingCorp, Z57 is able to provide yet another value-added service for our real estate agent clients to provide to their home-buying clients.”
The SmartClosing Mortgage Calculator uses actual costs from ClosingCorp’s proprietary, real estate service provider database, making it unique in the marketplace. It also generates property-specific recording fee and transfer tax costs, and calculates prepaid costs and reserves.
“In today’s real estate and mortgage environment it is important to provide consumers with a convenient, online source to shop for and price mortgages and accurately estimate closing costs for any residential property in the country,” said Paul Mass, president of ClosingCorp. “Our SmartClosing Mortgage Calculator gives consumers data that is unmatched by any other tool, while at the same time offering our partners the ability to brand the calculator and receive leads, making it a valuable business tool for real estate agents and mortgage lenders.”
ClosingCorp is a leading provider of residential real estate closing cost data and technologies for mortgage lenders, real estate professionals and consumers to save them time and money on residential real estate transactions. Through its network of nearly 10,000 real estate service providers, the company maintains the most comprehensive database of up-to-date closing costs, including recording fees and transfer taxes, for all residential properties in America. This valuable data is delivered quickly and efficiently to clients via ClosingCorp’s innovative technologies, such as SmartGFE®, SmartGFE® Calculator, SmartClosing Mortgage Calculator, DART and Closing.com. To learn more visit www.closing.com.
About Z57 Inc.
San Diego-based Z57, Inc. is a personal Web marketing company for thousands of real estate professionals. Founded in 1998, the company specializes in feature-rich designed websites, with content, listings, lead capture and conversion tools, buyer/seller traffic generation through effective online marketing plans, listing syndication, search engine optimization, drip e-mail marketing and a highly trained and responsive customer service team. Z57 provides clients nationwide with proven real estate solutions matched with personal service from more than 150 dedicated employees. The company’s education division, Z57 Academy, specializes in courses to educate Realtors in Internet marketing strategies. The Southern California Internet marketing firm was recognized as an Inc. 5000 company and one of San Diego’s top Web Development and Design Companies. For more information, call 800-899-8148 or visit www.z57.com.