Linear Title Introduces New Techonology and Process Allowing Clear to Close in Less Than Seven Days
December 15, 2010 - - Middletown, RI - - Linear Title & Closing, a technology driven national title agency, today announced a process that allows lenders to achieve clear to close in seven days on most files. Linear, which constantly strives to increase efficiencies for lenders, is confident the introduction of this new platform will allow lenders that use Linear to gain a competitive advantage.The new platform utilizes logic-based technology to instantly clear certain items from title. The platform also utilizes partners working 24 hours a day to retrieve documents needed to issue a clear to close. These partners upload releases, payoffs and other documents needed to clear title to Linear's software platform. The combination of technology and increased efficiency allows Linear to clear up to 70% of all orders within 7 business days.
"We have worked very hard on this process," said Nick Liuzza President of Linear Title. With rates at record lows, lenders are looking for methods to move loans to the table as fast as possible. Linear has introduced a new platform that allows them to do exactly that.
Internal Contact:
Marc Trachtenberg
401.239.5245
External Contact:
Paul Fleming
401.848.2300
