WFG National Title Insurance Company’s Lender Services division has added Rapid Legal & Vesting services to its DecisionPoint® Instant Title Solution suite. This new offering complements the company’s existing national title and closing services offered through its Enterprise Solutions group.
DecisionPoint Rapid Legal and Vesting Service offers fully automated legal and vesting reports to home equity lenders. The reports include verified vesting information and a legal description of a property. The service is available through WFG’s Valutrust platform and can be delivered in as little as 30 minutes.
“Home equity transactions are incredibly time-sensitive, with borrowers looking to access money quickly to fund home repairs, improvements, and other immediate expenses,” according to Dan Bailey, Senior Vice President, WFG Lender Services. “The revenue profile for home equity transactions is very different as well, with lenders picking up most or all of the origination costs. For this reason, it’s imperative for us to deliver accurate, high-quality products quickly and at a price point that makes sense for lenders. Our new rapid legal and vesting offering checks all of these boxes, as it’s quick, accurate, and cost-effective,” said Bailey.