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Save money.

Lower closing costs
by $400 per loan
or more.

We make your loans more competitive

by cutting the price of common closing costs.

See how we compare

Save your borrowers money on common closing costs while eliminating the time they spend shopping around for the best price.

Refinances

Purchases

HELOANs/HELOCs

 Loan Details 

​

$180K Refi   |  Conventional  |  Single-Family

Out-of-Network

$1,869

vs

In-Network

$1,446

FAQs

Explore Our
Closing Costs

No surprises here. We cut the cost of standard fees and services across our network providers to get you and your borrower to closing faster.

  • How competitive is your pricing?
    We save borrowers an average of $400 per loan.
  • Can I use your flat-rate pricing for my Loan Estimate?
    Stick to the fees you know! We normally come in after you've sent out your initial Loan Estimate (LE). So we'll review your existing fees and leverage our network to help reduce the overall closing costs of your loan.
  • Can I order verifications through you?
    We use our network to run verifications that fit your specific loan needs, taking care of everything without requiring individual requests.
  • Do these verifications help reduce repurchase demands?
    Yes, conducting these verifications helps reduce the risk of errors and, in turn, the likelihood of repurchase demands.
  • Whose name will be on the verifications?
    Kudos Financial will be listed on the verifications as the processor handling the loan.
  • How many employers do you verify?
    We’ll verify the income from one employer for each qualifying borrower, based on your loan conditions.
  • How many months do you go back on bank activity?
    We can go back anywhere from 3 to 24 months depending on your loan needs.
  • How many years back do you go on tax verifications?
    We can verify tax returns for up to the past three years, depending on your loan conditions.
  • Who refreshes the credit report(s)?
    Mortgage brokers and originators are responsible for refreshing credit reports using the same credit reporting tool they used to generate the initial credit report.
  • What if the final fees from your providers differ from your pricing?
    No problem at all! We’ll cover the difference. We’re dedicated to making the process seamless and being your go-to for multiple services—that’s why we stand behind our commitment 100%.
  • Can I purchase individual services from you?
    We are not resellers of these services. Instead, we carefully select our in-network providers to expedite the loan process for you and your borrower, exclusively for internal use as your third-party processor.
  • Who orders all these services?
    Simple, we do! We handle the ordering of all services, including verifications, appraisal, and title with an integrated approach that reduces the need for you to manage multiple service providers, streamlining the process and eliminating potential delays.
  • What if title has already been ordered on a purchase?
    No worries. We'll go with what you've got and make sure we cover everything else in the loan process.
  • What if my borrower chooses a different title company?
    The borrower has the legal right to shop around for their own title policy. However, as the title company would be outside of our provider network, we won't be able to control the speed at which they complete their work.
  • What if I wanted to use my own providers?
    Not a problem! We’ll work with any provider you prefer. Just keep in mind that our 21-day guarantee only applies when using our in-network providers.
  • Do you work with companies outside your provider network?
    Yes! While we've created our network of providers to get you to the closing table faster, we'll also work with any provider that you or your borrower may choose.
  • What costs can my borrowers expect to pay beyond those listed?
    Aside from any third-party fees associated with your loan, there are no additional fees from us—we’re truly a flat-fee service.
  • Can my wholesale lender have fees in addition to these?
    Possibly. Please check your pricing engine and lender-specific agreements for any fees associated with originating a loan in your name.
  • What if my wholesale lender's fees conflict with your fees?
    As a general rule of thumb, use the mandatory fees listed by your wholesale lender in your pricing engine, as they may have specific providers integral to their underwriting process. If our pricing is better, we'll update the Loan Estimate to reflect a better deal for your borrower.
  • Isn't the Flood Zone Determination included in your processing fee?
    Yes! The flood determination fee listed here reflects the potential cost a lender may charge if they choose to obtain a new flood certificate or transfer an existing one with a provider of their choice.
  • How do I take advantage of your 21-day guarantee?
    This guarantee requires you to use our network of service providers, which includes title, appraisal, verifications, and other related services. If the loan does not get the clear-to-close within this 21-day period, we'll deduct $100 from our processing fee payable at closing.
  • How long is a file good for?
    We work on a file until it's successfully closed and funded.
  • When do your third-party processing services end on a loan?
    We remain available to address any post-closing inquiries or requests for assistance from our clients.
  • Do borrowers sign a separate authorization with Kudos Financial?
    Yes. Since we use our own accounts to pull credit and access personal data, it’s important for the borrower to provide us with authorization.
  • Who registers the loan within the MERS® System?
    We can register the loan pre-closing so all the data is ready for completion post-closing.
  • Who handles the transfer of the MERS® registration post-closing?
    The client is responsible for transferring beneficial rights or servicing rights after closing.
  • Who updates the mortgagee on the hazard and title insurance policies post-closing?
    The client is responsible for managing all post-closing activities directly with their investor.

included for free

$

0

per borrower / co-borrower

verification fee

Included Verification of Income & Employment (VOI/E)

Included Verification of Deposits & Assets (VOD/A)

Included Income Tax Verification (4506-C)

Included Social Security Verification (SSA-89)

Included Identity Verification (IDV)

Included Business Verification (EIN)

See Less

paid by borrower

$

555

1004 URAR / 1073 Condo

appraisal fee

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paid by borrower

$

225

FNMA VA+PDR / FMCC ACE+PDR

alt appraisal fee

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paid by borrower

$

360

up to $250K refinance

title premium fee

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paid by borrower

$

600

up to $100K purchase

title premium fee

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paid by borrower

$

175

up to $100K HELOC/HELOAN

title premium fee

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paid by borrower

$

365

all refinances

title settlement fee

paid by borrower

$

550

all purchases

title settlement fee

paid by borrower

$

325

all HELOCs/HELOANs

title settlement fee

paid by borrower

$

150

all purchase transactions

split closing fee

paid by borrower

$

60

all transaction types

deed prep fee

paid by borrower

$

24

all transaction types

MERS® registration fee

.95

paid by borrower

$

7

all transaction types

flood determination fee

Save time.

Save time with faster processing speeds that eliminate the guesswork and keep everyone and everything on schedule.

See
how it works

Close with
Certainty

21 Day
Guarantee

We get the clear-to-close in 21 days

or $100 off our processing fee.

Clear-to-Close
with expedited loan processing

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