Linear Title has created and implemented new processes and software tools in conjunction with key clients that are now the cornerstone for Linear Title’s future growth. Below is a list of some of the processes and tools that have been created and implemented with our clients:
The development and integration of our “change in circumstance” tool allows a lender to make a loan amount change to a file in its system or through our web portal, and have the ability to receive the updated fees, title commitment, and Closing Disclosure pushed back from the Linear platform via XML within seconds of the request. This tool creates efficiencies on both sides and limits many steps in both processes. It also allows a lender to quickly re-disclose whenever necessary. This tool is impressive and has given our clients a competitive advantage.
Title insurance rate comparison technology developed by Linear which compares title insurance premiums by underwriter and transaction type and pushes the lowest title insurance premiums, along with accurate settlement fees, recording fees, mortgage and transfer taxes, at the point of mortgage quote. Our clients enjoy the ability to quote accurate and guaranteed fees through their website and/or Loan Origination System (LOS). Linear’s fees are often significantly lower than our competition, allowing our clients to win more business and close more loans. This software also accounts for title insurance discounts that are available, but not often provided by title companies.