Loan origination system (LOS) developer Vesta is integrating with LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders. The new integration, which includes Vesta’s open APIs, will provide mortgage lenders using Vesta’s LOS technology seamless access to LodeStar’s closing fee calculator. The integration will streamline and accelerate the generation and delivery of cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the loan estimate (LE) with guaranteed accuracy.
Vesta’s LOS enables lenders of all sizes to build custom workflows that power a more efficient lending process. Vesta’s no-code, fully customizable workflow engine creates automation and efficiency for mortgage origination, allowing lenders to reduce costly, inelastic fulfillment operations.
“We’re excited to welcome LodeStar to the Vesta ecosystem to power a simplified, clear, and highly optimized delivery of closing costs,” says Mike Yu, Vesta’s CEO.
“As closing cost experts and curators of an expansive and award winning closing fee database, we are excited to expand our integration network to include Vesta’s LOS platform,” adds Jim Paolino, CEO of LodeStar. “We share a common vision for the industry, including a need for increased clarity in the mortgage process for consumers and businesses alike.”