DecisionPoint utilizes an exclusive algorithm that provides a complete, comprehensive title report within 5 seconds, signaling lending institutions whether the title is “tidy,” suggesting a title insurance coverage loan policy can be provided, or whether alleviative procedures are required prior to a title insurance plan can be provided. As an outcome, loan providers utilizing DecisionPoint can much better handle their loan pipeline by speeding up the processing of loans with clear title and closing quicker, while likewise moving more resources and workers to treat issue loans. Integrated, lending institutions have the ability to minimize their application-to-close timeframes, close more loans and enhance customer fulfillment.
“By ensuring a loan is great to go as early as possible, DecisionPoint permits loan providers to start their underwriting procedure,”. “It makes the title procedure more effective and conserves more loans.”