Lenders First Choice Launches Integrated Title Service

October 26, 2004

Lenders Easy Access Program - LEAP - Speeds up Loan Processing While Ensuring Data Integrity

Lenders First Choice, a national provider of settlement services and title insurance, has launched Lenders Easy Access Program(TM) (LEAP)(TM), a service that integrates its technology with lenders' mortgage banking solutions to increase processing speed, add greater functionality and eliminate human error. The announcement was made at the Mortgage Bankers Association's (MBA) 91st Annual Convention.

LEAP allows lenders to integrate their mortgage origination systems with Lenders First Choice's technology at any point in the transaction, allowing instant processing of orders, automatic data transfer between the systems and access to nationwide pricing data. This integration streamlines the time and costs associated with ordering and receiving title on each transaction, resulting in higher closing percentages and lower cancellation rates on loans.

"Lenders want to focus on closing loans, not think about title insurance," said Bill Moody, president of Lenders First Choice. "Our job is to help facilitate the closing of loans by identifying - and solving - any potential challenges before they become problems. LEAP enables us to speed up the process and ensure the integrity of data as it flows between our system and that of the lender. Lenders First Choice prides itself on providing the 'cleanest' title in the industry and LEAP is yet another advancement toward ensuring fast, accurate and surprise-free title and closings."

LEAP makes title transactions transparent and helps loan processing run more quickly and smoothly. Lenders can choose to have title ordered and data sent automatically to Lenders First Choice, and LEAP allows Lenders First Choice to process orders immediately. The need for re-keying of data is eliminated, documents and data are secure and lenders gain online access to all title and closing documents.

LEAP allows lenders to make Lenders First Choice's nationwide fee, tax and pricing data available on their websites and to have that information automatically and directly populate an originator's LOS. Lenders First Choice developed an enterprise integration solution that enables lenders to connect to its systems without a large cost and time commitment. Though web-based, LEAP is flexible enough to work with almost any format a lender chooses.

"We want to make it easy for lenders to do business - with us and with their customers," continued Moody. "We understand our role in the grand scheme of things is to prevent problems from happening, and to provide customized, quality service to our lender customers so they can close as many loans as possible. LEAP is helping us do that even better."

Source: Lenders First Choice

Contact ALTA at 202-296-3671 or communications@alta.org.