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Cost Containment
We have been refining our approach to value-driven service delivery for years. During new client implementation, our team thoroughly reviews your relocation policies and provides cost containment recommendations specific to your program. Following is a sampling of our general cost containment services:
- Altair partners with mortgage companies and title companies in an effort to reduce client cost on home sale closings. Our partnership with Fidelity Residential Solutions allows us to utilize their nationally negotiated pricing with other title companies across the United States.
- We have developed an Approved Mortgage Lending Program that provides added value to each employee’s relocation experience, as well as offering cost savings to our clients who provide closing cost reimbursement.
- By requiring our Program Lenders to cap their fees (application, processing, underwriting, etc.), our program results in significant cost savings. Our Lenders continue to demonstrate their ability to successfully temper loan solicitation with excellent service delivery.
- Additionally, our title company closers and our consultants review destination Settlement Statements (HUD-1) to guarantee that our clients are paying only customary titles fees.
Household Goods Transportation Management
Our expertise and leverage has allowed us to create our own modified "M" tariff rather than moving to the higher-cost "N" tariff.
Real Estate Transactions
We have negotiated both the use of alternatives to the appraisal process and reduced appraisal fees. We have also examined each state for the applicability of the two deed process. Combined, these efforts save money on every transaction.
Mortgage Closing Cost
We have negotiated closing costs for each mortgage originated. Our objectives are to reduce our currently low closing costs of $595 in total lender fees without increasing interest rates for the relocating employees. The $595 fee is very low and saves our clients hundreds of dollars per closing (amount varies for each lender).
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