first_imgAccurate Group Launches EquityClear Solution in Headlines, Technology Share Accurate Group recently launched EquityClear solution, 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 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,” said 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 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 leading home equity appraisal, title and compliance company nationwide, lenders can be confident in the thoroughness and accuracy of the title information we provide,” Doman said. “We are offering them a way to benefit from the latest technology and repeatable consistent review processes without taking on additional internal infrastructure.”center_img accurate group EquityClear Paul Doman 2015-03-09 Samantha Guzman March 9, 2015 489 Views last_img

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