Black Knight Launches Municipal Lien Search Solution
May 25, 2017
Black Knight Financial Services introduced a new solution that helps find liens that are not included on property reports and are outside the scope of title insurance coverage. Examples of these types of liens include county debts; code and force violations; waste, water and sewer.
Unrecorded municipal liens can remain undiscovered and become the responsibility of the new property owner upon closing. Through access to significantly greater property and tax data than can be pulled from a traditional online title search, Black Knight reported that its Municipal Lien Search solution can quickly help identify outstanding property liens, violations, assessments and more that would fail to show up in a standard title search. Available nationwide, the solution is requested and delivered through Black Knight’s OrderPoint technology, an online tracking and delivery tool that is integrated with Black Knight’s national title production network.
“With this innovative tool, which is part of our national, comprehensive title solution suite, we are helping buyers and title companies keep informed during the origination process by shedding light on any outstanding debts on a property,” said Lisa Roessler, vice president of Black Knight title solutions division. “Making buyers aware of any outstanding liens before closing helps reduce their risk and provides for a better borrower experience.”
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