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Resale/Long Form Commitment
Our resale/long form title products include utilize property and name indexes as well as the recorded documents themselves as the foundation for completing the product. In addition, the products may also include tax information and the associated plat map. Since much of the information related to easements, CC&R's and other matters are not available through the title plant and property databases, we normally utilize an existing starter or base file for inclusion of these items.
Like all of the title related products delivered through NextAce, every resale/long form commitment is delivered according to the specific requirements of each customer. We utilize your underwriting guidelines, business requirements, and customer rules to identify, select, and retrieve all applicable documents and extract only the information required to complete your product. Our automation, on average, completes the search, retrieval, and examination in less than 15 minutes. At that time, orders are queued for review for our quality assurance. This team assures that the computer not only selected the correct documents but also extracted complete and accurate information.
Once each commitment is completed, the system delivers a search package that includes all of the supporting information and documents used to complete the product. At that time we integrate the results directly into your production system without requiring any data entry or redundant effort on your part. On average, we return completed resale and long form title commitments in less than one hour.
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