Title Agency Says Evaluation System for HUD-Foreclosure Work ‘Flawed'

June 1, 2010

An Ohio-based title agency has reached out to Congress after the U.S. Government Accountability Office rejected its challenge to the evaluation process used to award contracts for closing services associated with HUD foreclosure properties in the Buckeye State and that HUD awarded only one contract despite soliciting the services of two companies.

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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 real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development.