LSI's Automated Title Examination System Reaches Milestone

April 4, 2002

PITTSBURGH--(BUSINESS WIRE)-- LSI announced that its Automated Title Examination system, a component of the Automated Title Order Management System (ATOMS) had reached a volume milestone. The Automated Title Examination system (ATE) has processed more than 100,000 title insurance orders.

"The ATE system is unique. We know of no other automated system that examines title and produces commitments using a rules based approach," stated John A. Fries, Product Line Director for Settlement Services. According to Fries, the ATE system allowed LSI to handle the huge surge of orders experienced in the refi boom in 2001. "We still need our human examiners, but with ATE achieving its design throughput of 55% of the orders going through without human intervention, we were able to handle the volume without having to find and hire additional examiners."

Source: LSI


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

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.