Providing guaranteed title fees at point of origination allows lenders to deliver accurate GFEs to borrowers therefore increasing closing ratios and decreasing discrepancies at the closing table” said Cynthia Waterman, Chief Opearting Officer
Portsmouth, RI (PRWEB) March 6, 2010
Linear Title & Closing, Ltd is delivering guaranteed title and settlement fees to lenders at the point of mortgage application. Linear Title’s electronic solution allows lenders to enter transaction specific data and instantly return guaranteed title and settlement fees including title premiums, recording fees and mortgage taxes prior to GFE disclosure. Lenders who receive the data at the time of mortgage application often have a 3 to 7 day advantage over lenders who receive the data after title order.
Linear Title also delivers a Title Insurance Fee Certification to the borrower. The Title Insurance Fee Certification provides the borrower with the guaranteed fee quote and highlights any title insurance discounts applicable to the specific transaction. Borrowers are made aware of any applicable discounts and encouraged to ask questions on all title related fees.
“Providing guaranteed title and settlement fees at point of origination allows lenders to deliver accurate GFEs to borrowers therefore increasing closing ratios and decreasing discrepancies at the closing table” said Cynthia Waterman, Chief Operating Officer at Linear Title & Closing, Ltd.
Linear Title & Closing Ltd. is a recognized industry leader that delivers settlement solutions and provides products and technology-driven integration to give lenders nationwide a competitive edge in the marketplace. Headquartered in Middletown, Rhode Island, Linear Title’s centralized operations provide clients with a single point of contact to ensure consistent communications and level of service.
For more information about Linear Title & Closing contact Nathan Chandler, 401-841-9991.
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