New Company Offers Centralized Title Ordering through Electronic Dashboard
|August 11, 2011|
Although 2011 has witnessed a good deal of market volatility and consolidation, a new contender has announced its intentions in the title industry. NITA Solutions (NITA) is a network of title agencies unified at a central point of contact to distribute title and escrow orders to any market in the country through an electronic “dashboard.”
The Boise-based company serves as the lynchpin between independent title agencies and mortgage lenders, title agencies, asset managers and others placing title orders in any geographic market. While NITA maintains the communications and logistical process, the title agency fulfills the order. The key is a proprietary technology dashboard that provides transparency to the client at all times, while freeing the local title agent to focus on finalizing the title order quickly and effectively.
President Doug Brigham noted that the strength of NITA’s unique business model depends upon the title agency.
“We have built a web portal that allows agents to exchange transactions,” he said. “NITA also serves as a single point of contact for lenders and asset managers, allowing them to locate agents anywhere in the country.”
The process begins when the customer places an order through NITA’s web dashboard at www.NITASolutions.com. There is no charge for the order. The transaction is then automatically forwarded to the appropriate agent in the market where the property is located.
“If you’re a national, regional or local lender, asset manager, real estate broker, or a title agent, why should you spend time finding a title agent in thousands of cities across the country?” Brigham asked. “Moreover, locally-based agencies have proven time and again that they offer the highest quality service and the best turnaround times. NITA gives those agents the ability to combine their coverage to create a nationwide footprint which can compete for national accounts.”
In the early stages of its existence, NITA has already placed over $100 million of transactions for its agent network.
Although NITA has agent coverage in all 50 states, Brigham said that the company continues to seek additional independent title agents.