ClearEdge Title has partnered with Stewart Title to deliver an automated title underwriting platform that delivers search results in seconds. You can reduce production time on approximately half of refi transactions. We can provide our customers with an expedited process which means they can make refinance title loan decisions more quickly. Stewart Accelerate leverages traditional and non-traditional data sources to accelerate and, in many cases, eliminate, the title search process. Even when title searches can’t be eliminated, the output report reduces the time and cost for curative processing by reconciling property and consumer personal information to minimize the number of curative actions.
Powered by advances in technology, the platform leverages and automates title processing best practices with traditional, non-traditional, real property and title data sources to expedite the speed, quality and accuracy of results.
Eliminates the need for Property Index and/or General Index plant/abstractor search for qualified transactions
Reduces risk by reconciling liens and encumbrances against additional data source
Gives curative information on mortgage servicer and existing account numbers
Uses MERS and credit data, which allows for a systematic process to clear closed mortgages that are unreleased in public records
Provides an instant predictive decision on the complexity of the transaction
Provides cost saving results in seconds, eliminating time-intensive traditional search, examination and curative practices. Files requiring traditional practices are provided a curative worksheet to expedite the process
Provides indemnification for losses based on the search information provided in the report
How it works
The title order is delivered via integration, then Stewart Accelerate determines whether all data exists for processing. Stewart Accelerate will pull property data, consumer data, and, in some cases, document copies. The platform then instantaneously analyzes all data based on rules set leveraging Stewart’s underwriting guidelines overlay. A results report indicates whether a title search can be bypassed or if limited curative or full search is required. The final Stewart Accelerate decision can be delivered immediately via PDF. Documents can be pulled and delivered in select markets, and commitment can be delivered within a few hours following a decision, where documents are available online.
Call us today for a quote – 877.536.3390
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