LenderClose Title Search Solutions
LenderClose injects speed, efficiency and the ultimate borrower experience into everything we do— including title search. LenderClose’s streamlined approach to home equity title products allows lenders to spend less time on cumbersome tasks and more time connecting with borrowers. See our solution below that simplifies and expedites the title search process for home equity loans. Ready to see it in action? Schedule a demo today.
The Ideal Home Equity Title Solution
A legal and vesting report returns the legal description of the property, the vesting owner, and confirms if taxes are paid.
A lien protection policy is an insurance policy that protects the lender’s lien position against unknown liens or judgments.
Pairing a legal and vesting report with a lien protection policy can replace the need for a full title search on second mortgages.
Benefits of a Lien Protection Policy
- Peace of mind — coverage from unknown liens and judgments up to $500,000
- Gap period protection — between the time the loan is underwritten to the recording of the mortgage
- Time savings — avoid the hassle of clearing liens and judgments with lien position protection
• Current owner search / O&E report
• Update or bring-down report
• Legal and vesting report
• Two owner search
• Full search (marketable title)
• Instant property transaction history
• Instant lien search
• Instant listing and market activity
• Lien warranty coverage up to $500,000
• Attorney opinions
• Form 900 / 901
• Iowa Title Guaranty (ITG)
• Full settlement and escrow