RamQuest Unveils Platform to Help Standardize Closing Process

May 14, 2013

RamQuest, Inc. and Guardian Consumer Services unveiled Digital Close to the title and settlement industry at the American Land Title Association’s Federal Conference in Washington, D.C. last week. Digital Close is a platform that brings all stakeholders, including the consumer, together in a single, centralized location.

“By doing this, Digital Close not only standardizes and modernizes the closing process but also meets the challenges issued by the Consumer Financial Protection Bureau to deliver a transparent, secure and positive experience for consumers purchasing a home,” RamQuest announced in a release. A number of different but common issues in today’s closing process suggest the need for all participants to come together in the same place and work in concert. The lack of knowledge, involvement, transparency, education, participation, consistency and standardization are all critical factors encountered daily throughout real estate closing transactions.

Three independent components come together to deliver Digital Close. RamQuest’s Closing Market is the integration platform for the entire process and enables standardized connectivity to any system. The common workspace for Digital Close is enabled by Guardian Consumer Services’s (GCS) Pavaso.

In a manner similar to a smartphone, Pavaso allows individual stakeholders to define the type of workspace that they need, as they need it. Finally, Coindata’s Docupad is the device that acts as the control mechanism for Digital Close by managing the documents and recording the steps in the closing process. Think of the Docupad as a desk-sized tablet that creates a consistent, auditable and engaging signing process for the consumer at their closing.

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 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.