Entitle Direct, a direct-to-consumer title insurance underwriter, has written a guidebook for loan applicants to help them understand the new good-faith estimate. "We want borrowers to aggressively compare fees from different lenders and third-party service providers, including title insurance companies, before choosing a mortgage," says Timothy Dwyer, chief executive of Entitle Direct Group, Stamford, Conn. "Our guide will help consumers shop for a mortgage, and then compare, analyze and finalize." The Smart Consumer's Guide to the New Good-Faith Estimate walks readers through each section of the GFE, highlighting ways consumers can compare and lower their financing and closing costs. It also covers origination charges.
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