Chicago Title Unit Launches HE System

The LSI division of Chicago Title Insurance Co. has launched the home equity component of eLenderSolutions, its Web-based point-of-sale title insurance platform, according to Chicago Title.Chicago Title, a subsidiary of Fidelity National Financial Inc., said the system is designed to expedite home equity closings by leveraging LSI's recently developed Home Equity Loan Policy to provide lenders with loan closing, ancillary product, and insurance offerings needed for same-day home equity closings. The POS tool "instantaneously delivers recordable property vesting information, tax and assessment information, and legal descriptions nationally," Chicago Title said. "Additionally, the system provides point-of-sale quotes on an individual-product or bundled-fee basis for the HELP policy, property reports, credit reports, flood certification, valuation products, mortgage tax, and recording services."