The nation's first GSE-Compliant, Fully Insured Loan Closing Platform utilizes contemporary Attorney Opinion Letters (AOLs) as a component of an end-to-end (E2E) mortgage loan closing process. The platform is based on Fannie Mae's Equitable Housing Finance Program, serving minority and first-time borrowers and their lenders. The proprietary platform provides a safe, reliable alternative to title insurance, reducing borrower loan-closing costs 65%, and mortgage lender internal costs 50%.
iTitleTransfer's Platform protects owners, borrowers, lenders and successors-of-interest for loan amount and life-of-loan, for one low flat fee, which is approximately one third the cost of traditional title insurance, endorsements, escrow services, add-ons, set-ups, and service fees. Platform mortgage loan closing functions are as follows:
1. Insured Search
2. Insured Examination
3. Insured Proprietary Risk Scoring
4. Insured Curative Services
5. Insured Attorney Opinion Letter
6. Insured Document Preparation
7. Insured Traditional Escrow
8. Insured Date Down,
9. Insured eNotary
10. Insured eSign
11. Insured eRecording
12. Insured Loan Closing and
13. Insured Deed Monitoring
Each component of the loan closing platform is independently insured; in addition to iTitleTransfer’s coverage for fraud, forgery, duty-to-defend, lien priority, gap, CPL, cyber; and excess/umbrella insurance providing an additional layer of insurance related to each loan transaction. Lenders have experienced zero “buy-backs” of mortgage loans in which AOLs were utilized by mortgage lenders.
Ted Sprink, Founder and Managing Director
iTitleTransfer, LLC
tsprink@ititletransfer.com
www.iTitleTransfer.com
LinkedIn: iTitleTransfer, LLC
Office: 866-494-3727
Mobile: 760-604-0277
LinkedIn: Theodore Sprink
www.tsprink.com
America's Land Transfer Association
www.AmericasLandTransferAssociation.org