Denver-based Title Company Touts ‘Superior’ Audits

February 19, 2013

Canyon Title Co., based in Denver, reported it was recently told by its underwriter, Alliant National Title Insurance Co., that it has superior audits compared to the rest of the state of Colorado. Robert Lindley, owner of Canyon Title, attributed the “superior” audit status to the company’s production system, which is provided by ResWare.

"This process is credited to the implementation of workflow management and other controls within ResWare, including automated calculation of rates per underwriter and streamlined collection payoff collateral,” Lindley said. "The rate calculations reduced errors to within .5 percent, which is significant by today's standards."

Automated rate tables populate the HUD based on state, coverage, and underwriter, reducing not only time but also errors.

The payoff collateral includes essential milestones and accurate documentation. ResWare creates an action to order the payoff(s) as well as an action to receive the payoff(s). Rounding out the process is the curative tab, where associates upload appropriate, approved documentation and check off each curative task.

"The entire procedure reinforces best practices for our customers and is aided by automation," added Bryan Buus, president of Adeptive Software, which is the provider of ResWare.


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.