Currently, title companies are struggling to maintain their title business due to the steady decline in the mortgage market. In this economic climate, managing and lowering costs in traditional title processing is a must, and processing automation tools are required.
Many of these title companies have yet to find an innovative method for obtaining new business within the constraints of the regulatory climate. The opportunity for growth is through the default market.
The volume of default transactions is large, but access to this segment is fragmented based on the various processors and outsourcers engaged in distressed property recovery. Efficiently expanding and securing business through this segment is a great challenge.
TrackPoint – Title Module — An automated web-based platform to place title orders automatically, upload applicable and required documentation, and follow a file through the entire title process.
Automated order processing and submittal lowers processing costs. There’s no longer the need to email, call, fax, etc. All parties utilize one system to maximize efficiency and ensure transparency on every order.
The TrackPoint Title Module provides clients, lenders, and vendors a comprehensive and accurate timeline to follow throughout the order process. Timeline and electronic activity management eliminates errors, holds users accountable, and gives everyone visibility at every stage of the order.
Fast and Easy Deployment
- Web-based ASP model — hosted and administered by DepotPoint
- No software to install or maintain, no internal staff support required
- Smooth interface and data flow with other systems
Optimized Workflow Management
- Flexible process mapping — all required tasks electronically calendarized
- Scalable work process solution that automates title orders
- Real-time communication between all participants in the process
- User visibility — leads to increased accountability
- Dynamically re-calendarizes according to completed task
Customization
- Supports customizing different steps and timelines for closing title orders
- Customizable reporting capabilities
Scalable, automated, error-free title processing. Call 1-866-841-5641 or email Enquiries@depotpoint.com.
