CLEVELAND--(BUSINESS WIRE)--Accurate Group, a leading provider of real estate appraisal, title and compliance services, today introduced its EquityClear solution. EquityClear is designed to help lenders streamline and accelerate title and lien clearance to produce more accurate, actionable title data for home equity loans.
With EquityClear, Accurate Group facilitates the title search, automates the review of lien and vesting history using both public and non-public data sources, and provides a more accurate and useful title report to the lender. Benefits to lenders include greater efficiency, reduced expense and burden on loan officers and underwriting teams and better decisions on borrower qualification. EquityClear also enables lenders to reduce overall risk by ensuring a standardized process is applied to every loan and that liens are reviewed and cleared by a fully qualified, neutral third party. Borrowers benefit from less documentation and faster loan closings.
As a complement to its traditional appraisal and title solutions, Accurate Group offers a specialty suite of products that enables lenders to close home equity loans faster and with less overhead, while remaining compliant with industry regulations. EquityClear is the latest addition to this unique product suite. EquityClear leverages Accurate Group’s proprietary process automation technology to streamline the title and lien review process, accessing information from multiple data sources. The technology is complemented by an in-house team of certified, U.S.-based title experts who evaluate each report before delivery to the lender without impacting total turnaround time.
“As the economy strengthens and home values continue to increase, lenders have the opportunity to significantly increase revenues from home equity loans and home equity lines of credit,” stated Paul Doman, president and CEO of Accurate Group. “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. As the leading home equity appraisal, title and compliance company nationwide, lenders can be confident in the thoroughness and accuracy of the title information we provide. We are offering them a way to benefit from the latest technology and repeatable consistent review processes without taking on additional internal infrastructure.”
Accurate EquityClear is available today. Contact Accurate Group for more information.
About Accurate Group
Accurate Group is a leading provider of real estate appraisal, title and compliance services nationwide and an expert in home equity loans. We combine exceptional service with advanced technology and our proprietary AccurateAudit™ compliance foundation, going beyond a traditional appraisal management company (AMC) to provide banks and other residential and commercial real estate clients with the best combination of speed, accuracy, regulatory compliance and price. With Accurate Group, lenders gain a strategic partner that can help them increase revenues, lower costs and improve compliance across all types of real estate loans, including residential first mortgage, home equity, refinancing and default servicing, as well as all types of commercial transactions. Visit www.accurategroup.com.