titleLOOK Expands to Offer Lenders Automated Title Review
October 10, 2023
titleLOOK by Mainspring Services is now offering automated title review to lenders and other organizations in the mortgage banking sector. The Software as a Service (SaaS) solution reviews title reports from any underwriter or title agent to provide automatic and consistent analysis, as well as digital data that can flow on to other programs and processes.
Due to the various formats and quality of title reports that lenders receive, title review is normally a time-consuming process. titleLOOK extracts previously inaccessible information and converts it into standardized digital data. Once digitized and organized, title information is examined against titleLOOK’s library as well as customizable factors that lenders may determine.
To bolster its capabilities in the sector, titleLOOK has named Liz Taylor to director of lender services. Taylor has more than 19 years of experience in the mortgage space, most recently in the role of product Owner, title and closing technology for Rocket Mortgage.
“titleLOOK launched as the digital title standard, but I didn’t fully understand what that meant until I was able to dive into the solution from a lender’s perspective,” said Potter, who was named president of titleLOOK in August. “The content of a title report is critical to lenders but can also be easily misunderstood from outside the title industry; it’s originated by different production systems, with distinct legalese and other verbiage, and is delivered in various file formats, including scans. titleLOOK is an absolute game changer in that it can take all this variability, standardize it, and run it against our knowledge and your rules. Lenders receive automated decisions, analysis, and risk categories, among other outputs, that add tremendous time savings and value.”
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