Home Equity Solutions
We specialize in helping home equity lenders save time and money and offer them a full suite of settlement solutions and products that streamline the closing process. Our bundled services are designed to simplify the ordering process and cut costs while staying compliant with the Interagency Guidelines.
FastTrack
FastTrack streamlines the home equity lending process while drastically reducing costs, risk, turn-times, and loan cycles — all on one centralized ordering platform.
- Flood Determination
- AVM (Optional Warranty Available)
- Property Condition Report
- Verisite Photo App (homeowner takes interior photos and submits via mobile app)
- Residential Evaluation (Optional Warranty Available)
- Hybrid Appraisal — USPAP Compliant
- Warranted Title Search
- LoanProtect Report
FastTrack TSR (Title Search with Recordation includes Home Equity Warranty for Search and Recordation Process)
Residential Valuations
- Full Warranty available on most Residential Valuation Products.
- Automated Valuation Model (AVM) Report — sourced from the top AVM providers in the industry. Model validation procedures ensure compliance with agency guidelines.
- Validated Cascade — Pre—validated by AVMetrics to verify accuracy at the county level.
- Residential Evaluations — Utilizing the top five evaluation providers in the U.S.
- Limited Appraisal — Performed by a licensed appraiser; fast, accurate, and compliant.
- Property Market Condition Report — Provides a comprehensive review of the property and surrounding market along with a photo of the subject property.
Home Equity Clear-to-Close
Home Equity Clear-to-Close provides instant title data and decisioning to help engineer a more optimal workflow. It also offers mortgage lenders instant awareness of the condition of title at loan application. With upfront title guidance, lenders can reap higher margins and efficiencies, while reducing costs and loan cycles. Home Equity Clear-to-Close also provides for the quick identification and pre-qualification of borrowers as well as those who qualify for a quick close to FastTrack their loans.
Lender Benefits:
- Instant Data, Analytics & Decisions — Help consumers tap into their equity with instant, upfront data and title clearance decisions for quick identification and pre-qualification of consumers
- Immediate E&O Coverage — Quickly and cost-effectively order Title Condition Report (TCR) and E&O coverage based on investor guidelines and borrower profiles
- Powerful data — to counsel clients and immediately win their trust
- Increase volume — by prioritizing opportunities with the highest likelihood of closing
Title Search Report
A search of public records to report tax liens, judgments and encumbrances along with recordable Legal & Vesting information.
Warranties up to $500,000 are available on most residential and commercial title search products.
In addition to title searches, we also offer our proprietary LoanProtect Report, Legal & Vesting (Deed) reports and our new Home Equity Clear-to-Close instant title data and decisioning report.
LoanProtect
LoanProtect is a proprietary New Vista Solutions product that is designed to accelerate the closing process for Home Equity transactions. The LoanProtect program provides error and omissions coverage to the lender for property records collection, loan closing, and loan recording services that are performed by or on behalf of the lender. The program protection also includes fraudulent acts or misrepresentations by the mortgagor in the form of fraudulent conveyance, fraudulent transfer, identity theft, or multi-loan fraud (“shotgun fraud”).
- Coverage is fully transferable.
- Expected Delivery: Instant
Flood Determination Report
An accurate flood determination is provided for each transaction. We offer basic, life-of-loan, and commercial flood determinations.
We also can provide portfolio risk management solutions.
We can review an entire portfolio and report updated flood information on each property.
Recordation Service
Full review of documents to be recorded; non-fatal errors corrected; fatal errors returned to lender for correction; secure electronic recordation available; traditional mail-out service nationwide; processing of court filing fees and full order tracking and management status reporting.
The digital marketplace powering smarter mortgage settlement.