Real estate services provider Accurate Group has unveiled a new suite of products designed to facilitate title and lien clearance.
Called EquityClear, the solution looks to streamline the title and lien review process by utilizing Accurate Group's proprietary process automation technology that accesses information from multiple data sources both public and private, the company said in a Feb. 25 news release.
"EquityClear transitions the burden of title and lien clearance from the lender to Accurate, freeing lenders up to spend more time on new business development and client service, while also accelerating the loan closing process," said Paul Doman, president and CEO of Accurate Group in the release.
Using the public and private data, EquityClear reviews the lien and vesting history. The solution also helps in the title search and reduces the risk to lenders by creating a standardized review process for every loan. An in-house team of certified, U.S.-based title experts at Accurate Group provides further assurance by evaluating every report before sending it to lenders.
The new solution, which is now available to lenders, joins Accurate's existing product suite targeted to closing home equity loans, the company said.
