How to Get a Lender to Fund Your Real Estate Deal (7 Step Process)
Lender Real EC
-
Upload
spurbeck2525 -
Category
Technology
-
view
987 -
download
1
Transcript of Lender Real EC
11
Using Strategic Partnerships and Technology to Go Green
Part of the Fidelity Paperless Process
The Partner You DeserveSuperior Customer Service and Communication
22
Part of the Fidelity Paperless Process
Prime Alliance and Fidelity National Title Group Partnership
PrimeAlliance | Prime Combined ServicesPrime Combined Services provides monthly pricing discounts on selected servicesup to 10% based on the number of services utilized.
33
Leveraging the Leveraging the powerpower of FNF of FNFOver 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?
44
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
Calling the order in…
Faxing the order in…
email the order in…
How are your completed products coming back to you?
55
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
66
Part of the Fidelity Paperless Process
Founded in 1998 – evolved from Service Provider segment of Real Estate Industry
Largest Settlement Services Exchange (RealEC Exchange) Electronic Partner Network connecting
lenders to Settlement Services Providers 3,500+ service providers
• Exclusive choice of nations largest settlement services providers
• Only network with direct integrations to national underwriters
Leader in integrations and data services
iSelect™ Tool Intelligent Order Management Tools Automated management of products and
vendors
About RealEC Technologies, Inc.
Nation’s Largest
Settlement
Services
Exchange
77
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.
88
Document Delivery
Part of the Fidelity Paperless Process
All Title and Closing Documents can be uploaded to RealEC, including:
• Preliminary Reports• Payoff Info• Recording Dates
• Final Policies• Final HUD• Provider Comments
Document
Uploaded
EmailNotification
Electronic
Document
99
Coverage
Part of the Fidelity Paperless Process
NYCT RIMA
NHVT
ME
MD DENJPA
FL
GAALMS
SC
NC
VAWV
TN
KY
OH
MI
INIL
LA
AR
IA
MO
WI
OK
KS
NE
SD
ND
TX
COUT
NM
AK
AZ
CA
NV
OR
WA
ID
WY
MT MN
HAWAII
Out-Sourced Title & Closing
Full, Limited and Sub-Escrow with Full ALTA Coverage
Centralized Escrow/Closing
Centralized EscrowAttorney Closing
1010
Email – Daily Summary
Fidelity National TitleFidelity National Title Group keeps you Group keeps you informed of all important milestones informed of all important milestones during the transaction (such as during the transaction (such as receiving the title report.) You are receiving the title report.) You are constantly kept up-to-date with the constantly kept up-to-date with the progress of the transaction. progress of the transaction.
Because title contingency is so Because title contingency is so important, FNTG also lets you know important, FNTG also lets you know when copies of the title have been sent when copies of the title have been sent to your clients and emails you a digital to your clients and emails you a digital copy of the report for your copy of the report for your convenience.convenience.
Part of the Fidelity Paperless Process
1111
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
Fidelity National Title Group leverages technology to provide unsurpassable service!
1212
Part of the Fidelity Paperless Process
1313
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
1414
iClose 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 addressStep 2 located nearest location
Step 3 map it
1515
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
Step 4 Notarize LPOA
Step 5 Ship LPOA back to Escrow Officer Step 6 provide
payment voucher
1616
iClose 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.
1717
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
Borrowers
Family Members
Attorney
Lender
Our advanced iClose platform allows up to 5
approved third parties to participate in the closing.
Approved third parties can authenticate and join
the closing
1818
iClose 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
1919
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
2020
iClose Closing Solution Review the Closing Documents
Part of the Fidelity Paperless Process
2121
iClose 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
2222
iClose Closing Solution Coverage Map
Part of the Fidelity Paperless Process
2323
iClose Closing Solution Coverage Map
Part of the Fidelity Paperless Process
Lender Requirements✔ Execution of iClose Service Agreement
Borrower Requirements✔ Execution of a Limited Power of Attorney✔ Access to a phone✔ Access to a computer with a high-speed Internet
connection
View our online demo at
https://servicelink.iclosefnf.com/
2424
Strength in partnerships
What is your Going Green strategy?What is your Going Green strategy?
FNTG provide a technology solution to drive your strategy….FNTG provide a technology solution to drive your strategy….
Part of the Fidelity Paperless Process
The Partner You DeserveSuperior Customer Service and Communication