It’s a new world out there.
Lenders’ underwriting standards have increased significantly. Tighter underwriting standards in the title insurance industry have made the situation even more challenging. However, mortgage lenders’ requirements for title insurance remain an important and necessary part of the underwriting process.
A successful real estate transaction is only as good as the title intelligence derived from the various data points. This is where NextAce becomes a game-changer for the lending industry. With patented Patterned Data Extraction (PDE) technology and established data partnerships which extend nationwide, NextAce has time warped the critical title insurance component of the real estate transaction to less than 24 hours, saving title companies and lenders both time and money.
With its advanced suite of real property intelligence offerings, NextAce allows lenders of all sizes to make informed property decisions, mitigate risk, and gain a clearer understanding of the real estate transaction process from start to finish. All of the information the lender needs to make their underwriting decisions and move toward closing. Complete, accurate, in as fast as one hour.
From newly recorded documents including liens, judgments, or changes in vesting to automated retrieval of warranties, grants, or other deeds to quit claim, mortgages, trust deeds, and other required title documents, the mortgage lender that utilizes NextAce product and service offerings greatly improves the title insurance transaction process through unprecedented intelligence retrieval, extraction, and reporting. ►Learn more
