Based on the transaction type, the lender is required to provide either a Loan Estimate and Closing Disclosure or a Good Faith Estimate and HUD-1 Settlement Statement, which should include all title and settlement charges. These documents enable the consumer to compare the estimated transaction costs to the final costs.
Amrock created a calculator tool to ensure you are competitive and compliant. Our fee calculation engine provides fast, accurate and competitively priced title and settlement service fee quotes, including recording fees and taxes. Amrock also supports client-specific customized fees and form solutions.
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Attention Consumer: Pursuant to 11 NYCRR 35.6 (b), every title insurance agent and title insurance corporation shall, on its website, make its range of charges for title services publicly available and accessible in a manner that permits a policyholder or potential applicant to independently determine the applicable charges.
Please see below for a range of potential title service fees:
|Settlement Fee*- Preparation of documents, calculated figures, and overseeing proper execution of closing documents.||Up to $650|
|Tax Certification – Obtain and review applicable tax information, and preparation of the tax certification.||Up to $35|
|Search and Exam Fees – Obtain and review public property information to ensure the quality of the chain of title||Up to $250|
*Attorney Charges: Please note that transactions may be closed by an attorney in the state of New York, additional fees may be charged by the attorney.
|Tax Certification – Obtain and review applicable tax information and preparation of the tax certification.||Up to $35|
|Search and Exam Fees – Obtain and review public property information to ensure the quality of the chain of title||Up to $1,000|
Provided is a link, to a licensed NY title insurer, to calculate a title insurance premium quote. The title insurance premium fee will be collected at closing in addition to any title and settlement fees. Rates and fees may vary based on your specific transaction details.