Flueid Launches Integrated Verification of Title Products for Purchase Transactions
01 Agosto 2024 - 9:00AM
Business Wire
- Expanded purchase solutions suite optimizes the title search
and exam process, and enables a collaborative approach to title
curative as early as a property’s listing
- By bringing actionable title intelligence to the forefront of a
purchase transaction, Flueid’s VOT™ (Verification of Title)
solutions increase certainty in the homebuying and selling
process
Flueid, the leading VOT™ (Verification of Title) company for
residential real estate transactions, today announced the launch of
its integrated VOT solution for purchase.
With unique data products for real estate agents, brokerages,
and title providers, the purchase solution advances the traditional
workflow in two unique ways: first, by optimizing the title search
and exam process and, secondly, by making title insights accessible
to real estate agents as early as the listing agreement. This
enables title providers and real estate agents to collaborate and
proactively pre-clear a property of title issues, certifying it for
a seamless closing when the property is initially listed for sale.
This increases confidence for all parties in the homebuying and
selling journey, particularly for consumers.
“Flueid believes title data should be accessible at every stage
of a transaction for a more integrated, informed, and transparent
transaction experience,” said Peter Bowman, Co-Founder and CEO of
Flueid. “For purchases, our goal with VOT is to arm both title
providers and real estate agents with a tool to provide consumers
with a better, more certain home purchase experience. Now, title
providers not only have the data-driven advantages of VOT for their
workflow, but they can demonstrate to real estate agents the value
of understanding and proactively tackling title issues upfront.
This approach embodies our commitment to innovation and our mission
to lead the future of title risk transparency.”
The Title ‘Close Certified’ Workflow
Like Flueid’s VOT solutions for refinance and home equity, the
purchase offering fuels an integrated workflow with two
complementary data products: a TitleCheck® for Listing Agents and a
TitleDecision™ for Title Agents and Underwriters. The products work
together as follows:
- At listing agreement: Real Estate Professionals can
request an upfront TitleCheck from Fueled by Flueid® title
providers to verify the condition of the title and identify any
issues with the seller or property that may impact the sale. This
enables the real estate agent to manage seller expectations and
plan marketing initiatives, listing strategy, and pricing
accordingly.
- Upfront title close certification: If issues are
uncovered by the TitleCheck, real estate professionals can
collaborate with the title provider to proactively initiate the
title curative process. Using the TitleDecision, the title provider
digitally enhances search and examination and is alerted to all the
items at the start of their process that need to be addressed. This
allows them to easily clear and certify the title for a seamless
closing.
- At purchase contract: Because the title is pre-cleared,
the title provider’s timeline to produce and deliver the title
commitment is significantly reduced, and a buyer can feel confident
in the selection of a title Close Certified™ property, knowing that
title issues won't impact closing.
“The integrated and proactive VOT for purchase process ensures
title certainty for all parties,” added Priscilla Flake, Vice
President of Product, Flueid Decision Derivatives. “This helps grow
a real estate agent’s business and increases capture ratios and
volumes for title providers while supporting an exceptional
consumer experience.”
Availability and Future Integrations
To power VOT for purchase, Flueid’s TitleCheck and TitleDecision
products are now available for respective users in the company’s
Flueid Pro SaaS application as well as via direct API integration
with the Flueid Decision platform. The newly launched solutions are
fueling the workflows of several industry-leading clients, with
additional integrations planned for release this fall to power the
integrated title provider-real estate agent workflow.
Advancing Flueid’s Product Diversification
The expansion of Flueid purchase solution completes the
company’s diversification strategy for mortgage originations, with
the goal of fueling VOT across the loan life cycle. The company now
offers VOT products for mortgage lenders, real estate
professionals, title agents and title underwriters processing
purchase, refinance and home equity transactions. Flueid also
offers default VOT products to support mortgage servicers in the
loss mitigation process and title providers supporting loan
modifications.
To learn more about Flueid, its products, services or leadership
team, please visit: https://www.flueid.com/.
About Flueid
Flueid is the leading VOT™ (Verification of Title) company
shaping the future of title risk transparency for the residential
real estate, lending, title and closing, servicing, and secondary
markets sectors. Our mission is to make VOT intelligence standard
for everyone across the real estate lifecycle, fueling streamlined
transactions from start to finish. With our VOT solutions suite,
consumer and property insights, typically unavailable until after a
title commitment is ordered and delivered, are now immediately
accessible at the start of every provider’s process. Transactions
Fueled by Flueid® are supported by our flagship, title
underwriter-approved VOT platform, Flueid Decision, ensuring a
transparent, consistent, and industry-supported approach to title
innovation that does not compromise title risk certainty. To learn
more, visit www.verificationoftitle.com or www.flueid.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240801774283/en/
Media Inquiries Liz Lilly, Vice President of Marketing &
Communications Liz.Lilly@Flueid.com (737) 703-3578