Rockville, MD (PressExposure) June 19, 2009 -- Leading the industry as one of the first companies to develop an online title ordering and management system, Closeline Settlements has streamlined their virtual settlement system, making a measurable difference for lenders, brokers and agents. Closelineâs system allows customers to complete entire title transactions online in real time.
âAgents, brokers and lenders work late and on the weekends, and many times have virtual offices,â said Michael Bell, co-founder of Closeline Settlements and developer of the virtual settlement system. âWe developed a system that allows these individuals to complete their title transactions online, from any place and at any time. Plus our system can be customized to meet specific needs because we have a technical support staff in-house. This is not a cookie cutter system; it is designed to be tailored to the needs of each client.â
The entire Closeline system is transparent â from ordering to funding. Unlike traditional systems that just email paperwork to an agent to be processed in the morning, Closelineâs virtual settlement software begins the process in real time. Customers can place title orders, schedule closings, review binders and retrieve documents without any waiting period.
âAs far as I know, Closeline was probably the first company to be able to complete the entire transaction online, and while other companies are doing it now, they donât go into the detail that Closeline does,â said Peter Hyman, Director of Operations for a national mortgage company. âFrom the beginning of our process, it is important for us to be able to actually quote to the customer title fees for particular states and counties and the different taxes that are included. With Closeline, our customers get no unhappy surprises.â
The flexibility of the Closeline system has helped position the company as an approved settlement agent for lenders committed to paperless closings. Closeline can handle remote electronic settlements for many lenders, including AmTrust Bank and Flagstar Bank, two major lenders pushing the paperless settlement.
âChanges from the settlement table can be made quickly and easily with our virtual system,â said Bell. âReal-time updates and document uploads are available with a simple Internet connection.â
Closelineâs system integrates with outside loan processing systems, cutting processing time in half. The system is maintained by SSL encryption, which ensures all sensitive information is properly protected.
About Closeline Settlements Closeline Settlements was founded in 1993 by attorneys Michael P. Bell and Elliot M. Liss. Since that time, the Company has grown into a multi state title agency that services 45 states. By utilizing proprietary technology, Closeline Settlements developed a web based platform which allows Closeline Settlements and its sister organizations to have a multi state branch network around the country. Unlike the competition, quality of service is consistent in every office. Closelineâs proprietary and innovative products allow them to offer a full range of customized title and settlement services. For more information about Closeline Settlements and their services, please visit http://www.closeline.com or call 301-795-2880.