Lender Real EC

1,155 views

Published on

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
1,155
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Lender Real EC

  1. 1. Using Strategic Partnerships and Technology to Go Green Part of the Fidelity Paperless Process The Partner You Deserve Superior Customer Service and Communication
  2. 2. Part of the Fidelity Paperless Process Prime Alliance and Fidelity National Title Group Partnership PrimeAlliance | Prime Combined Services Prime Combined Services provides monthly pricing discounts on selected services up to 10% based on the number of services utilized.
  3. 3. Leveraging the power of FNF Over 1,000 offices throughout the U.S., providing residential real estate title insurance. One of the nation’s largest providers of title insurance, with the largest % market share issued through one of the 6 major brands: Fidelity National Title, Chicago Title, Ticor Title, Alamo Title, Land America and Security Union. Part of the Fidelity Paperless Process Why Fidelity National Title Group?
  4. 4. Part of the Fidelity Paperless Process Without an Exchange: Inefficient and Confusing Multiple Communication Channels = Multiple headaches Most company have multiple processes to get their orders placed Traditional method of ordering services How are your completed products coming back to you? Calling the order in… Faxing the order in… email the order in…
  5. 5. Part of the Fidelity Paperless Process LFC Work Bench LFC fully functional with the RealEC Exchange Connections to Fidelity National Title Group Production Systems First step to creating the paperless process
  6. 6. Part of the Fidelity Paperless Process <ul><li>Founded in 1998 – evolved from Service Provider segment of Real Estate Industry </li></ul><ul><li>Largest Settlement Services Exchange (RealEC Exchange) </li></ul><ul><ul><li>Electronic Partner Network connecting lenders to Settlement Services Providers </li></ul></ul><ul><ul><li>3,500+ service providers </li></ul></ul><ul><ul><ul><li>Exclusive choice of nations largest settlement services providers </li></ul></ul></ul><ul><ul><ul><li>Only network with direct integrations to national underwriters </li></ul></ul></ul><ul><ul><li>Leader in integrations and data services </li></ul></ul><ul><li>iSelect™ Tool </li></ul><ul><ul><li>Intelligent Order Management Tools </li></ul></ul><ul><ul><li>Automated management of products and vendors </li></ul></ul>About RealEC Technologies, Inc. Nation’s Largest Settlement Services Exchange
  7. 7. Place Orders from the LFC Work Bench Part of the Fidelity Paperless Process The Title Order screen will appear. Here, enter the appropriate data and click Submit. This sends the order to one of Fidelity National Title Groups operations through RealEC.
  8. 8. Document Delivery Part of the Fidelity Paperless Process Document Uploaded Email Notification Electronic Document All Title and Closing Documents can be uploaded to RealEC, including: <ul><li>Preliminary Reports </li></ul><ul><li>Payoff Info </li></ul><ul><li>Recording Dates </li></ul><ul><li>Final Policies </li></ul><ul><li>Final HUD </li></ul><ul><li>Provider Comments </li></ul>
  9. 9. Coverage Part of the Fidelity Paperless Process Out-Sourced Title & Closing Full, Limited and Sub-Escrow with Full ALTA Coverage Centralized Escrow/Closing Centralized Escrow Attorney Closing
  10. 10. Email – Daily Summary <ul><li>Fidelity National Title Group keeps you informed of all important milestones during the transaction (such as receiving the title report.) You are constantly kept up-to-date with the progress of the transaction. </li></ul><ul><li>Because title contingency is so important, FNTG also lets you know when copies of the title have been sent to your clients and emails you a digital copy of the report for your convenience. </li></ul>Part of the Fidelity Paperless Process
  11. 11. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Fidelity National Title Group leverages technology to provide unsurpassable service!
  12. 12. Part of the Fidelity Paperless Process
  13. 13. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process
  14. 14. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Locating the closes and most convenient location for your clients. Step 1 enter address Step 2 located nearest location Step 3 map it
  15. 15. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Step 4 Notarize LPOA Step 6 provide payment voucher Step 5 Ship LPOA back to Escrow Officer
  16. 16. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Documents are posted prior to the scheduled closing for the borrowers to review. Borrowers can discuss any questions with their lender prior to the scheduled closing date and time.
  17. 17. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Borrowers Family Members Attorney Lender Our advanced i Close platform allows up to 5 approved third parties to participate in the closing. Approved third parties can authenticate and join the closing
  18. 18. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Closing agent viewable through web video technology Shows parties attending the closing Full document review with annotation technology
  19. 19. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process
  20. 20. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process
  21. 21. i Close Closing Solution Review the Closing Documents Part of the Fidelity Paperless Process Secure Sockets Layer (SSL) Each page is certified through VeriSign Latest encryption using128 bit encryption All audio, video and on-screen activity is recorded and archived
  22. 22. i Close Closing Solution Coverage Map Part of the Fidelity Paperless Process
  23. 23. i Close Closing Solution Coverage Map Part of the Fidelity Paperless Process <ul><li>Lender Requirements </li></ul><ul><ul><li>Execution of i Close Service Agreement </li></ul></ul><ul><li>Borrower Requirements </li></ul><ul><ul><li>Execution of a Limited Power of Attorney </li></ul></ul><ul><ul><li>Access to a phone </li></ul></ul><ul><ul><li>Access to a computer with a high-speed Internet connection </li></ul></ul>View our online demo at https://servicelink.iclosefnf.com/
  24. 24. Strength in partnerships What is your Going Green strategy? FNTG provide a technology solution to drive your strategy…. Part of the Fidelity Paperless Process The Partner You Deserve Superior Customer Service and Communication

×