System Workflow. The Licensor will providing the following configurations for its integration in the Encompass LOS platform.
- Licensor will export fees to the following fields/sections
- Section 1100 on the 2015 Itemization Form for Title Agent fees and Title Insurance premiums
- Section 1200 on the 2015 Itemization Form for
- Title Agent information will populate on the Settlement Service Provider List SSPL Line 1. Fee names will populate but not fee amounts
- Licensor will export fees with standard names in the Mavent System. Licensor will not modify names of fees.
- Exported transfer taxes will include seller side taxes as determined by Licensor. The seller side tax will be marked as seller obligated.
- Exported title agent fees will be marked as APR and it will be Licensor’s sole discretion if a fee should be marked as APR.
- Only buyer paid title agent fees will be exported. Lenders Policy and Owners policy paid by will be solely determined by LodeStar.
- Licensor does not guarantee the accuracy of any fees, taxes, recording fees, or policy calculations.
- Licensor will provide default endorsements as determined by selected title agent.Licensee will have ability to manually add endorsements