Title agents work with lenders and they must ensure full compliance to maintain those relationships. If they use manual or excel based systems, there are chances where things will fall through the cracks and in matters of compliance, that will simply not be accepted by their lender clients.
How can title agents be assured of meeting compliance requirements, while they go about streamlining their operations
We list a couple of ideas, in which title agents can do this in this post. For more detailed ideas about accelerating closings and streamlining operations, please download our eBook ‘8 Keys to accelerate and streamline your closings’
Security & Compliance Assurance
Title agents often come under pressure from their lender clients who are eager to ensure their borrower gets the property faster and with minimum hassles. This pressure can impact quality.
One of the best things about having the right title production platform is the path it provides for ensuring compliance for the title agency. With the right production platform in place, it is a lot easier to offer transparency in a fully compliant manner, storing and disclosing documents and other information as needed, quickly and in a fully compliant manner.
Another added benefit is the accuracy of the loan estimate, closing disclosure, and title insurance figures presented on these documents. Having a capable production platform provides you the option of making your title insurance company more compliant and efficient.
Any viable title production platform should include solutions that provide these 8 keys for title agency success. Visionet created its AtClose platform with these factors in mind and so it sets the standard for agency efficiency.
We’d love to show you a demonstration of this platform, so you can see first-hand, the difference it can make in your operations . Call us today on (732) 334-0998 or send us an email for a no obligation web-based demo.
Alok Bansal is Managing Director of Visionet Systems Inc. and has 21 years of experience in managing strategy and global BPO operations. He excels in optimizing and leading the growth of financial services companies who are looking to take their mortgage operations to the next level.