New Title Settlement Software Unveiled at Annual Convention

October 14, 2011

This week, ATS Secured unveiled to attendees at the ALTA Annual Convention in Charleston, S.C., its revolutionary software developed to automate and transform the title settlement closing process.

According to the company, ATS Secured is a standalone, secure platform that allows title agents to electronically disburse and reconcile HUD files, saving all participants in the HUD process considerable time, money and resources.

Founders Wes Miller, Ryan Barry and Kraig Williams provided live demonstrations during the ALTA Convention to introduce the software to convention attendees.

“We couldn’t be more excited to launch this product, which has been three years in the making. Our mission is to transform the title settlement process, saving headaches, loss of money and uncertainty for all parties involved in every real estate closing in the country,” Miller said.

Using the software, which can be integrated seamlessly into existing title software, title agents disburse payment through the proprietary ATS Secured electronic check disbursement model. The software also provides full audit trails for authorized participants and establishes dual controls for funds disbursement.

According to an Aberdeen Group study, the average cost to process a paper check was $10.88. An average residential real estate closing includes 10 disbursement checks and 1.5 mortgage payoffs. This amounts to as much as $125 to completely disburse a file, including printing and manually tracking payoffs, paper, envelopes, postage and overnight fees.

According to Miller, ATS Secured eliminates this manual burden while still allowing title agents to initiate the settlement process. Instead of $125 per file, ATS Secured costs a mere $35 per file, which includes up to 10 checks and one FedEx overnight fee.

Some states may allow the fee to be collected via a third party expense included on the HUD, eliminating any additional costs to the title agent.


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.