Advantage Title Launches While Also Unveiling Industry-Best Online Resource for Title Insurance and Escrow Services
IRVINE, Calif.--(BUSINESS WIRE)--Founded by a group of leading settlement service veterans and technology innovators, Advantage Title, the most technologically advanced nationwide provider of title insurance, settlement, and default services, has brought to market Title365, a highly integrated and extremely user-friendly online transaction management tool for real estate related services. Operating as an underwritten title agent, Advantage Title employs a refreshingly efficient centralized processing and fulfillment model that stands in stark contrast to the technology-stagnant, paper-intensive systems and time-intensive, manual services commonplace to large, decentralized competitors.
Residential real estate brokers, mortgage and financial institutions, asset managers and commercial and independent escrows can obtain nationwide traditional title insurance, escrow and closing services, and default services from Advantage Title which currently has corporate operations in Southern California. Title insurance policies from Advantage Title are underwritten by Stewart Title Guaranty Company and First American Title Insurance Company, two of the country’s largest underwriters.
"In my mind, Advantage Title is simply the best in the business. None of our competitors can match the kind of value proposition, seasoned company management, and centralized, customer-centric service approach delivered by our organization,” said Michael Tafoya, CEO for Advantage Title. “Customers old and new are already taking notice; not only because we’ve amassed an enviable team of the industry’s most knowledgeable and reliable professionals, but also because they recognize the superiority of Title365 and how it truly changes the whole delivery and communication process of real estate-related settlement services online. In short, we’re leaving the competition with a lot of catching up to do.”
Launched March 3, 2009 at www.Title365.com, Title365 from Advantage Title delivers the ultimate in web-centric transaction management to effectively facilitate the ordering of real estate-related services. From instantly opening orders, to obtaining documents, loan transaction history, real-time status reports and impressively thorough sales comparables, to utilizing time-saving communication tools and industry-best mapping technologies, Title365 provides an unparalleled level of online convenience, intuitive functionality and solid security for title, escrow and default services.
The technologists behind Title365 introduced the transaction management standard several years ago by which all others were judged. Today, with the launch of their significantly improved creation, Title365, the Advantage Title team has strategically reanalyzed the ever-changing procurement and management processes critical to leading real estate and lending professionals and implemented an exciting offering that employs the very latest technology, functionality and site usability features.
Streamlined Transaction Process and Online Document Availability
Title365 enables users to be the beneficiaries of communication and delivery enhancements, such as the ability to obtain orders in real time, which provides customers with the optimized capacity to receive actual order numbers online instantly and via email as soon as they are generated so that seamless administration of the transaction can immediately begin. Unlike other solutions brought to market, Title365 is integrated into the backend production system of Advantage Title which eliminates any double data entry and gives customers a view into the transaction while eliminating errors. A critical component underscoring client service and operational efficiency, Title365 matches the workflow of customers to allow multiple participants within the transaction the ability to view all transactions.
Unlike many online offerings, Title365 enables users to enter information directly into the system and provides the ability to immediately obtain service-related documents online, empowering customers to quickly secure available documents as soon as they are completed. The reduction in the transfer of paper results in a more eco-friendly, timely, and cost-effective alternative in an industry known for being paper-intensive.
Beneficial Features and Tools
With just a click of a mouse, visitors will have access to Title365’s clean interface, created to simplify adoption by users. Each Title365 user has a unique, customizable Title365 Dashboard, containing a list of recent transactions, recently viewed properties, quick links to major features of the site, and industry news, which are among a wide array of benefits-delivering features available to keep users informed. Boasting a more intuitive experience than other offerings, Title365 provides quicker access to recently viewed properties, searches, and transactions and affords users the opportunity to link directly to the new order process while conducting property research, thus saving time, raising efficiency and ensuring a truly easy-to-use experience.
Having access to up-to-date, complete property research data is critical to starting a new transaction for real estate industry professionals and empowers all parties with the information needed for internal efficiencies. Powerful property research tools abound within Title365 that harness the most accurate and thorough data available. Extensive property details, including characteristics, ownership, complete sale and loan history as well as tax and assessment information, are instantly available. Also, highly advantageous to customers, expansive property summaries, detailed sales comparables and extensive market analysis can be obtained instantly online within Title365, ideal for lenders, listing agents, real estate professionals and consumers looking for a more complete financial picture. Parcel maps and recorded document images can be obtained via both standard and advanced search parameters.
Advantage Title is also providing Title365 customers with integrated data from relevant, third-party web destinations visited most often by professionals and consumers alike, such as Zillow®. The site also boasts powerful tools and aerial imagery integration for a more complete, realistic view of the issues and dynamics relating to a neighborhood or region where a transaction property is located. This high-resolution visual content has been married with detailed property research ideal for presentations, property showcasing and supplementation of plat maps and paper-based property data so that users can accurately establish the correct property for which to open an order. Mortgage professionals can instantaneously determine property value and parcel shape data for realistic, accurate valuation.
A sophisticated communication mechanism provides the customer with a single point of entry to view all transactions currently in the pipeline as well as the ability to create a paperless file on each transaction. What’s more, Title365 will soon deliver an optional consumer view into the transaction, solving the issue of clients wanting to be informed as to the status of their transaction while also eliminating status calls to all involved parties that could breed inefficiency and delay the transaction process.
The site also includes an extensive online resource of title insurance-related information, tools and industry news to assist consumers in feeling prepared and informed during the course of their real estate transaction. For more information about Title365, please visit www.title365.com.
The founders of Advantage Title offer a combined 131 years of experience in title insurance, settlement services and technology arenas. In addition to Mr. Tafoya, the founding management team includes Peter Derbonne, president and COO; Peter Bowman, co-CIO & senior vice president, strategy & innovation and Peter Richter, co-CIO & senior vice president, software engineering. As well, the highly experienced team of Advantage Title County Managers has held senior-level executive positions with national title companies and, on average, boast three decades of expertise.
About Advantage Title
Advantage Title, using the Title365 platform, is the most technologically advanced nationwide provider of title insurance and settlement services. The company, located throughout Southern California, serves residential real estate brokers, mortgage and financial institutions, asset managers and commercial and independent escrows with traditional title insurance, escrow and national closing services, default services, and diverse technology solutions. Our unique methodologies and nimble, centralized product fulfillment model delivers superior value and faster turnaround times while measurably improving our client’s business performance. Title policies are underwritten by Stewart Title Guaranty Company and First American Title Insurance Company, two of the country’s largest underwriters.
Title365 is a registered trademark of Advantage Title, Inc. source