DataTrace Information Services LLC, the nation’s largest provider of data and automation solutions to the title and settlement services industry, announced the launch of TitleIQ Streamline, an expansion of the TitleIQ Automation Suite designed specifically to increase efficiency in refinance transactions. TitleIQ Streamline provides a rapid pre-screen of title orders on refinance transactions, allowing title companies to optimize production efficiency and underwriting workflow.
“Title companies today are under pressure to decrease turn times and improve bottom line performance by improving the efficiency of their production workflow,” said Robert Karraa, president of DataTrace. “With the TitleIQ Automation Suite, title companies can access a portfolio of tools designed to accelerate their business through streamlined solutions tailored to unique business requirements.”
TitleIQ Streamline uses proprietary technology to mine DataTrace’s industry-leading title plants, quickly analyzing events impacting the subject property since the previous transaction. Based on categorized findings, title companies can easily direct the order to their own most efficient workflows.
“TitleIQ Streamline offers our customers a unique opportunity to differentiate from their competition and build deeper relationships with their strategic refinance partners,” said Jim Portner, vice president of product and strategy at DataTrace.
The improved process efficiency from TitleIQ Streamline allows title companies to reduce turn times and grow existing refinance business. With the launch of TitleIQ Streamline, DataTrace continues to drive innovation and process improvement with best-in-class title automation solutions.
DataTrace Information Services, LLC provides advanced real estate title search technology, automation and production services that enable settlement services companies to quickly access and search regional title databases through a secure application. The DataTrace system delivers title history information, property tax assessment and payment data, document images and property profiles in 47 states across the United States. With its significant geographical coverage, DataTrace’s title plant and tax database is the broadest and most comprehensive title information system available and is used by the largest national title insurance underwriters.