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Lowest Premiums 03/08/07
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LINEAR PROVIDES THE LOWEST POSSIBLE TITLE INSURANCE PREMIUMS TO BORROWERS
MARCH 3, 2007
MIDDLETOWN, RI - Linear Title & Closing Ltd. provides the lowest possible title insurance premium to borrowers by integrating logic into its software ensuring that the lowest possible premium is granted to a borrower on any given transaction.
Title insurance, depending on transaction size and risk, may be required by a lender and premium cost differs from state to state. The largest savings for a borrower appear in the form of “reissue rates” and represent a significant discount. Borrowers qualify for the reissue rate base upon numerous variables.
The failure of title insurance companies and agents to provide the reissue rate has come under fire in recent years as the failure to grant this rate is a violation of law. Linear Title & Closing Ltd’s policy has always been to grant the reissue rate. Now, through, software enhancement Linear can offer this product to borrower’s nationwide assuring compliance through automation.
“We have integrated simple logic into our software to insure that calculations and comparisons for title premiums are processed instantaneously and that the lowest possible premium is inserted on to the settlement statement”, said Nick Liuzza, President of Linear Title & Closing, Ltd. “This sounds simple but there is a reason why the industry has not consistently been offering the lowest rates available to borrowers. The cost for integration and to make processing changes to an organization that processes thousands of transactions a month takes time. We have simply streamlined this process for our national clients with the help of technology”.
For More Information please contact:
Nick Liuzza, President
1.877.841.9991
nliuzza@lineartitle.com
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