Online Calculators

We have been asked several times by clients about an online calculator. We have been approached by several vendors about an online calculator. 

We have made a decision and that is not to employ the online calculator.

If you know anything about Meridian settlement, you know that we are fully committed to the highest level of technology available to this industry. However, no level of technology can overcome the human error involved when developing an online calculator. 

Meridian settlement conducts business in the states of Pennsylvania, Maryland, Virginia, DC and Georgia. We have found that the state of Maryland is by far the hardest state to conduct title services in.

Each time that a vendor approaches us with an online calculator, we submit to them a very precise scenario of an actual transaction that happened to us in Prince George’s County. Each and every time the online calculator has produced an inaccurate figure.  Online calculators do not always account for the particular recording nuances of Maryland’s 23 counties and 1 city. 

We have come to find that when you take the human interaction out of a preliminary HUD or transaction quote you are often going to produce errors. 

We have been 99.6% accurate on each and every preliminary HUD that we have given over the last ten years. As a lender your good faith estimate figures depend on our accuracy. As a realtor your reputation depends on providing your client with accurate information.

We firmly stand behind our decision not to employ an online calculator and further stand behind our ability to produce a more accurate preliminary HUD for you. 

If you are in need of a preliminary HUD or transaction quote, please do not hesitate to contact our office.

Here’s a list information that we are going to ask to generate an accurate preliminary HUD.

  • Buyer/borrower’s name
  • Address of the property
  • Contracted sales price
  • Loan amount
  • Is the buyer a first time home buyer
  • Is this property the buyer/borrower’s primary residence.
  • Date the property was purchased