Title Search Service offers lien protection alternative.
Share:
Press Release Summary:
Designed to facilitate same day closing of home equity products, TitleVision/Accelerate delivers fully examined title information in less than 3 business hours. It includes validating lender's lien position, clearing issues that impact expected lien position, and providing typed legal description and mortgage signature requirement through XML interface.
Original Press Release:
Red Vision Introduces New Product, TitleVision/Accelerate - a Lien Protection Alternative for the Home Equity Industry
GAINESVILLE, Fla., Sept. 15 / -- Red Vision, an innovative supplier of real estate information to users of title evidence, is launching a new lien protection alternative, TitleVision/Accelerate.
TitleVision/Accelerate is a premium title search service that is designed to facilitate same day closing of home equity products. This new service delivers fully examined title information in less than three business hours and includes: validating the lender's lien position, clearing issues that impact the expected lien position, and providing a typed legal description and mortgage signature requirement through an XML interface.
"Our experience suggests that in the vast majority of situations where lien protection insurance is employed you don't find title problems that require protection," says Craig Muldoon, Red Vision's President and CEO. "Historically, the problem has been the time and effort required to obtain and analyze title evidence. TitleVision/Accelerate allows a lender to base loan decisions on title facts rather than ignoring them, in a time frame that lets them close the same day, and for less than the average cost of a title search."
About Red Vision
Founded by title industry veterans, Red Vision's mission is to revolutionize the way its customers do business. Red Vision's patent-pending title search platform, TitleVision, electronically posts court, tax, and appraiser records to a company-hosted data repository. TitleVision minimizes the manual effort required to abstract and examine titles, allowing users to greatly boost productivity, lower operating costs, and gain a sustainable edge over their competitors. Using technology to bring relevant information together instantly, searchers can complete title search reports in much less time than ever before. This results in a dramatic improvement in turnaround time and searcher output. TitleVision is a web-based service available by subscription to organizations that want to do their own searches. Red Vision also offers an abstract service based on TitleVision through its Gainesville, Florida service center.
For more information, contact:
Holly Hargett
(352) 331-8242
