Cost2Close Patented Monitoring Service

Ernst’s Patented Monitoring Program not only alerts Lenders and Title Closing Agents working on the same loan of a change, it goes a step further and recalculates that change automatically and simultaneously sends notifications to the Lender and the Closing Agent. From quote to closing, Ernst’s Cost2Close program can monitor and alert parties to changes for all Ernst managed fees.
Ernst Monitoring Solutions helps you stay CFPB compliant from Loan Estimate to Closing Disclosure by alerting you of fee changes within 24 hours of the change. That way you can quickly notify Closing Agents and Borrowers avoiding costly cures. The service is fully automated and requires no extra input from you. Ernst monitors your transactions for fee updates daily, and your updated fee calculations are guaranteed.
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Ernst Monitor Alerts are available in a range of formats, and can be sent to any number of different individuals within the Lender and Closing Agent’s organizations via email, Ernst Client Portal or directly integrated within your existing LOS or Closing Portal program.
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Ernst maintains details of all transactions processed through our system, every day, for 60 days or as agreed. If a fee changes, we recalculate your transaction using your original input values and alert you to the change for each outstanding Loan Estimate. Ernst Monitor Alerts notify you of transaction changes and provide you with newly calculated guaranteed fees within 24 hours of our making the change to our program.
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Any Fee managed in an Ernst Fee Engine or Ernst System can be monitored, including but not limited to: all Recording Fees for All Document Types, All Transfer Taxes including State, County, Municipal, City and other fees managed in an Ernst Fee Engine.
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