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.
Data is at the core of nearly all business decisions and departments. Real-time, accurate market research data empowers business leaders to make decisions based on facts, market trends and statistical data. But gathering market information can be difficult, time-consuming, and expensive.
Title companies may expend internal resources to locate the data but find it difficult to sift through the noise for the right information to then interpret and analyze the results for executives to make strategic decisions and position for growth.
Technology advancements – across many industries – are streamlining processes, increasing efficiencies and growing revenue opportunities. Yet, traditional title search and examination solutions remain largely unchanged – challenged by multiple title data sources, time-consuming manual processes and difficult data transfers between systems.
—TitleIQ Enterprise improves operational efficiency, quality and productivity through a new single search and examination solution for streamlined delivery of title reports nationwide—
IRVINE, Calif., July 28, 2020 – DataTrace Information Services LLC,the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced today the launch of TitleIQ Enterprise™, an expansion of the DataTrace Automation Suite. The industry's premier full title solution, TitleIQ Enterprise unifies multiple search processes – automated, title plant and title production services – into a single digitally connected search and examination solution for expedited nationwide title report production. TitleIQ Enterprise is a companion to and fully integrated with all leading commercial title production systems.