Below are details on how to use the automated version of LodeStar's Closing Clarity Tool. There are not many steps, as it is automated, but we want to make sure we list out details of how it works.
*Please remember that this tool is ONLY available within EPC. It is not supported within SDK.
Step 1: In order for the automation to work, you will need to upload the file (the purchase agreement or sales contract, etc.) into the Purchase/ Sales contract folder. This is the folder you choose during set up.
Step 2: Once the file is uploaded, you will access LodeStar as you normally do through "Order Additional Services".
Step 3: As LodeStar is opening and loading, the AI analysis will start to process. It is reading the file in the background.
Step 4: Once the analysis is completed, you can click into Section E and you will be able to see what suggestions are being made by the tool.
- So for example, LodeStar is quoting the County Deed Tax on the seller's side, but the purchase agreement says that the buyer is paying it.
- The analysis will show where in the file it is getting this information (Source).
Step 5: The user will be able to either accept this update or decline it.
Step 6: You will then export it to Encompass and you will see this analysis on the PDF LodeStar quote within the eFolder on the last page of the PDF.
Lastly, here is a demo of the steps listed above.
Questions? Please reach out to support@lssoftwaresolutions.com.