Quality Title & Abstract Agency, Inc. We Stand Behind all of our Quotes!!!

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1 Quality Title & Abstract Agency, Inc. Estimated Fee Sheet Instructions for GFE We Stand Behind all of our Quotes!!! To access our website and tracking system please log onto Select WebTrax and then Log In Existing clients please use your secure user name and password. Visitors please log in using: User Name: Password: visitor Once logged in select Tools then Estimated Fee Sheet. 1

2 Enter the street address and zip code and select Submit On the next screen please enter the borrower(s) name and loan amount. For PURCHASES enter the purchase price in the box next to loan amount (not the mortgage amount.) To the right of the address select either Purchase or Refinance for the Loan Purpose then select Yes or No for Reissue Rate Move to the next section Add Order Types. Under the drop down menu for Title Search choose 1 st Position. Under the drop down menu for Title Insurance Policy Type For All Refinance Transactions: All states select: Reissue (Applicable standard endorsements will be automatically added in per state). HOWEVER, IF THE MORTGAGE BEING PAID OFF IS OVER 10 YEARS OLD, YOU NEED TO CHOOSE BASIC For Purchase Transactions: New Jersey Purchase select: Standard Florida, Maryland, Pennsylvania select: Owner s Policy For all other state purchase transactions, select Basic and only use the title insurance portion of the estimated fee sheet. (Note: Quality Title & Abstract Agency can process the escrow, closing and title insurance for purchase transactions in New Jersey, Pennsylvania, Maryland and Florida. In all other states, we 2

3 handle only the title insurance function for purchase transactions and an attorney in the particular state will handle the escrow and closing functions.) Pull down the drop down menu under Closing and select Complete Closing for all refinance transactions and Purchase Closing for all purchase transactions. Reverse Mortgage please select Reverse Mortgage. Info Product Use this section ONLY if a purchase or if the property is a Condo, PUD, Reverse Mortgage or if the loan has an adjustable rate. Select the Info Product dropdown and choose one applicable endorsement. If more than one item is applicable, hit the + sign under Add Additional Info Product and choose the additional endorsement(s). Reissue/Substitution: To obtain the proper discounted title insurance rate please enter the face amount of the existing mortgage and the prior date of the mortgage in the MM/DD/YYYY format. 3

4 Recording Calculations Under Recording Calculations select Mortgage Filing. In the drop down list only complete two fields. Enter the new mortgage amount on line 1 and the amount of pages to the mortgage on Line 4 (enter 20 pages as a safe guard to stay within tolerance). FOR MARYLAND FILES ONLY Choose refinance instead of Mortgage Filing. Enter new Mortgage Amount, Old Loan amount, Remaining Principal Balance, and Number of Pages (20). Deed Transfer Taxes If the quote is for a purchase transaction select the box to calculate the Deed Transfer Tax. Enter the purchase price under Consideration Amount and the number of pages of the deed (enter 5 pages as a safe guard to stay within tolerance) under Number of Pages. No other boxes need to be completed for the quote. Satisfactions Below the Deed Transfer section select Satisfactions to calculate the satisfaction recording charge. We suggest you include this in your quote in case it is not included in the existing lender s payoff statement. Satisfaction Pages enter 5 pages. Number of Satisfactions enter 1 (if 2 payoffs, enter 2). (Again, this is as a safe guard to stay within tolerance) Add your name, phone number, and address under the Loan Information section, unless it automatically populates. 4

5 Scroll to bottom of page and click Submit. If there is any information missing that is required to calculate the fees you will receive a message on the top of the screen in red. Once all necessary information is entered an Estimated Fee Sheet will open. It takes about 3-5 seconds. If you make a mistake and choose the wrong Title Insurance Policy Type, you can click the Back button at the bottom of the page and you will have to Delete the form and start over from the beginning. Otherwise, you will get a false quote. If you are having a problem, and cannot determine what needs to be adjusted, please call our office and ask for Barbara Derasmo (ext 149) or Karen Thoms (ext 103). 5

6 You can print or save a copy to your computer. Select Print on the top left or Save a Copy to save to your desktop. Item #4 on the estimated fee sheet should be used for GFE4 on your Good Faith Estimate. Item #5 on the estimated fee sheet should be used for GFE5 on your Good Faith Estimate. Item #7 on the estimated fee sheet should be used for GFE7 on your Good Faith Estimate. Item #8 on the estimated fee sheet should be used for GFE8 on your Good Faith Estimate. To submit the order and start your title insurance and closing processing please select Place this order. If you are a new visitor please enter your company name, address, phone number and address in the notes and verification at the bottom of the order so we may establish an account with a separate user name and password. This calculation will be saved on our website for 90 days. You can log back on and enter the same address and zip code on the first screen. The next screen will allow you to edit, place this order, or view. We Stand Behind all of our Quotes!!! We value, trust and respect your business. Thank you for the opportunity to serve you. James B. Jordan, Jr. President jjordan@thejordangroup.net Karen Thoms Executive Vice President Karen@thejordangroup.net 6