TitleHound Announces License Agreement with Mortech
|October 19, 2010|
TitleHound, a title rate engine that ensures accuracy, issues certification and identifies lowest title insurance premiums, has announced a license agreement with Mortech, Inc. a mortgage technology software company specializing in daily pricing, product decisioning and lead management solutions for mortgage professionals.
Mortech will integrate TitleHound into its Marksman software platform, a mortgage product and pricing engine and lead management solution. The collaboration provides a transparent lending process for borrowers while allowing lenders the opportunity to remain compliant.
“Nearly one year after the new RESPA guidelines went into effect, loan officers still struggle to comply and provide accurate data to borrowers,” said Don Kracl, president of Mortech. “TitleHound offers Mortech a platform to electronically supply the lowest available accurate quotes for all title related fees so lenders can automatically create correct Good Faith Estimates (GFE) in their Marksman accounts. This integration will further automate the mortgage origination process and increase efficiencies for our customers.”
TitleHound enables users to identify up front pricing for title insurance premiums, mortgage taxes, recording and settlement fees.
“TitleHound is the most comprehensive fee engine for title insurance and settlement fees to compare and reveal the true disparity between highest and lowest premiums,” says Jeff Adam, president and CEO of NexGen Compliance Solutions. “We are delivering direct information that isolates cost saving opportunities and confirms best pricing for title and settlement costs instantly. We’re looking forward to providing our innovative services to Mortech clients.”