Lenders First Choice Launches Fast

October 23, 2006

Designed to Meet the Needs of HELOC Lenders

Lenders First Choice

CHICAGO--(BUSINESS WIRE)--Lenders First Choice (LFC) has released its Equity Protector Power Tools, a new line of services created to deliver fast and accurate mortgage processing options to HELOC lenders. The new services were announced at Mortgage Bankers Association's 93rd Annual Conference.

The Equity Protector Power Tools include four new services designed to streamline Home Equity/HELOC processing - Equity Protector, Equity Protector Plus, Equity Protector L&V and Equity Protector L&V Plus. Equity Protector is an informational package including legal description, vesting documentation and liens. Equity Protector Plus offers the addition of a junior lien or limited liability policy. Equity Protector L&V is designed for legal description of the property and vesting. Equity Protector L&V Plus is an enhanced version of Equity Protector L&V that protects against potential undisclosed problems not covered under credit.

"Lenders First Choice is dedicated to developing innovative solutions to meet the needs of today's lenders, and these new solutions are specifically designed for the unique business model of home equity lending," said Bill Moody, president of Lenders First Choice. "This streamlined approach to HELOC processing provides the necessary information to lenders and gives further protection and assurances that investors continue to demand. Furthermore, though much of this solution is automatic, lenders still benefit from the world-class service that has become our trademark.

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

SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.