TITLE CURATIVE SOLUTIONS
Now more than ever, it's important to avoid delays in the real-estate-owned (REO) selling process. LPS’ Default Title technology streamlines the curative work to obtain a “clean” title during REO selloff, so that after foreclosure, a property is ready to market quickly.
Our industry-best solutions review title work and grade it for title curative issues. It posts issues for immediate client action to our LPSDefault.com
website. That’s where curative work begins immediately using “business decision-based" underwriting and risk analysis.
Title curative procedures include:
- Retrieving HUD-1 and mortgagee’s title policies
- Contacting prior closing agents to obtain information about any issues
- Consulting with foreclosure attorneys to determine the best course of action
- Reviewing files to determine insurability
CLOSING MANAGEMENT SERVICES
LPS’ Default Title solution also offers comprehensive, centralized closing management services — from the time an REO property is under contract through funds disbursal. Robust technology, with real-time communication between LPS Default Title and closing agents, makes the process easy and gives all parties access to instant status and reporting.
It allows agents to immediately identify and quickly process exceptions. Our closing specialists are state experts who manage deed preparation, HUD-1 reviews and delivery of wire proceeds and seller funds within 24 hours of closing.