Philadelphia, PA (PRWEB) April 23, 2011
reQuire™, the nation’s largest release tracking company, and The Abstract Solution Group, an agency support network for title agents, today announced a joint venture marketing program.
The Abstract Solution Group is a network of title agents that was created to negotiate costs from vendors. More importantly the group is promising to bring back transparency to its Title Insurer partners and making sure proper satisfaction pieces are being filed timely is paramount. The Abstract Solution Group helps title companies improve their office efficiencies and assist in bottom line profitability. The release tracking service that reQuire™ provides is one of the many ways a settlement company can do such. The group will be pushing its members to use reQuire’s™ no-cost solution.
“A critical requirement of any real estate transaction is clear title for the new loan. Attorneys and title agents must validate the satisfaction and release of existing mortgage loans and their underlying liens as part of their duties,” said Daniel Morris, Esq., reQuire’s founder and CEO. “Lenders who are paid off have a statutory duty to release the associated lien; however, following up on them is costly and time consuming. reQuire’s services take on this task at a nominal cost benefiting all parties involved and the industry as a whole.”
“There is no secret that settlement agents are constantly hampered with the cleaning of past transactions and their unsatisfied liens. The cost of assisting with letters of indemnity and or the clearance of past paid off mortgages/judgments is unpredictable, yet a very large one. The release tracking service offered by reQuire™ frees up man hours and allows an office to be more profitable by focusing on the revenue generating projects. It is our goal that all of our title agents use reQuire’s™ services,” said Marc E. Shaw, Esq. Co-Founder of The Abstract Solution Group.”
reQuire's™ team of legal, real estate closing and technical professionals has developed the first web-based release ordering, tracking, reporting and delivery service aimed at quickly, simply and accurately releasing the security instrument securing fully paid institutional notes. This patent pending approach bridges the information gap between the settlement agent, attorney or escrow company, and payoff lender by creating a highly secure shared data clearing house. The business model is designed to offer these services at no cost to the settlement agency or attorney. reQuire™ exists to benefit all parties associated with a real estate closing. Want to learn more? Contact information(at)titletracking(dot)com or call (877) 505-5400.
About The Abstract Solution Group
The Abstract Solution is a group of title agents that have made a commitment to use tools and technology that will reduce the possibility of claims and increase their quality and efficiency.
In exchange for this and as a result of the power of group buying, The Abstract Solution has delivered significantly better cost arrangements. Whether its better underwriter splits, the elimination of banking fees, free reconciliations and more, a title agency is more profitable with The Abstract Solution.
The Abstract Solution Group is providing a reason for trust to be restored at the agency level while assisting in the restoration of title agency profitability.
The Abstract Solution Group creates a platform of the best vendors to assist title agencies in getting through this economic climate. The group’s goal is to make their member agents more efficient, compliant and risk adverse all at once. In return for a little transparency the agencies are being rewarded with lower costs from vendors, increased revenue through better agency splits and less claim exposure. For more information visit http://www.theabstractsolution.com or call (888) 269-0402.