Linear Title & Closing. Ltd Launches Mortgage Transaction Management Division to Streamline Mortgage Loan Trading and Increase Portfolio Value
September 17, 2015
Linear Title & Closing, Ltd. and its wholly owned Subsidiary Abstrax, LLC, the premier provider of national Abstracting services announced that it is now offering Transaction Management Services that can be tailored specifically to meet the needs of servicers and investors trading in the secondary mortgage market.
Mortgage loan collateral files are reviewed by a team of mortgage document professionals who inventory each file and cure exceptions through its existing title abstracting and document research methods. The result is that each file is restored to a marketable standard.
Abstrax is therefore able to successfully cure collateral defects including missing or incomplete intervening allonges/assignments, title policies or recorded security instruments. Abstrax will also facilitate the recovery of missing promissory notes including preparing lost note affidavits. The company also offers recording and other document preparation services from its Middletown, RI corporate offices.
This service provides its clients an end-to-end solution providing clients the ability to seamlessly manage residential mortgage sales and securitizations. It also reduces costs and decreases timelines to cure side-lettered collateral exceptions.
We have been amazed by the level of innovation and changing regulation in the marketplace" says Nick Liuzza, President and CEO of Linear Title. "Linear is now better positioned than ever to provide its client's with complete file management from one service provider."
For More information on the services please contact Brian Frye at Bfrye@abstraxllc.com Or 303.859.6808.
About Linear Title & Closing and its wholly owned subsidiary Abstrax, LLC:
Linear is a fully diversified national title & closing which offers a wide variety of services to lenders, servicers and title agencies. It also acquired NexGen Mortgage Solutions and is working to innovate and integrate industry leading technology to help its customers stay ahead of the rapidly changing marketplace.
About Nexgen Mortgage Solutions
Nexgen Mortgage Solutions is a software development company focused on creating software for the mortgage industry. The company has developed three flagship products which are available to license: Latitude Loan Services, TitleHound and Certus.
For More information on Nexgen please visit http://www.nexgenmortgagesolutions.com/ or contact Andrew Michelson amichelson(at)nexgenMortgageSolutions(dot)com or (888) 808-4644