Keeping Pace with Digital Transformation
September 21, 2021

– As title companies evaluate emerging technology to meet market demand; digital, real-time property tax status reporting is the logical choice. –
The title industry – like all segments of the real estate/finance ecosystem – continues to search for ways to streamline and accelerate production processes while reducing cost and risk. Industry players have begun to revamp legacy title workflows to digitally connected, including title search automation, real estate research, property profile generation and document retrieval. Yet one crucial highly manual, inefficient component remains largely untouched… how title companies source property tax status information.
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DataTrace ® is proud to be recognized as a Gold and Bronze Stevie Award winner in the 19th annual Stevie® Awards program, specifically in the 2021 American Business Awards technology solutions category. The American Business Awards are the U.S.A.’s premier business awards program. 
Every real estate transaction—whether it is backed by a mortgage or is an all-cash deal—requires a determination of ownership and a clear transfer of title. That said, many companies still rely on legacy systems and manual processes to procure, search, and examine title. This slows the search and underwriting processes, makes them more prone to errors and delays closings at the expense of the homebuyer.


