Subject of new paper from AtClose division of the title company Technology Options Visionnet

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Title companies that can reduce friction for their lending partners will win more business in the current down market.

any disability or friction-related problems between [lenders and title agents] will almost certainly affect the borrower. This will at least reduce the satisfaction of the borrowers.”

– Adeel Ahmed, SVP Atclose

CRANBURY, NJ, USA, August 1, 2022 /EINPresswire.com/ — Title companies can choose to improve their relationships with lenders, according to a new white paper published by Atclose, a division of digitally enabled Visionnet Systems. Looking for Solutions to drive global business with next generation digital mortgage, title and escrow solutions. As the market slows, this is the key to success for these companies.

“The majority of borrower touchpoints are with either the lender or the title agent, so they hold the key to a better borrower experience,” said Adil Ahmed, senior vice president at Atclose. “Any problem related to inefficiency or friction between these partners will almost certainly affect the borrower. This will at least reduce the borrower’s satisfaction. This will likely slow down the process, costing everyone more. The answer is There’s better technology.”

If title companies do not have an efficient system that can help them streamline the entire title production process, they will be unable to reduce friction and will be unable to meet the needs of the lender or borrower. As a result, title companies are exploring options to improve their technology stack to achieve higher levels of efficiency. The new paper describes how this can be done.

Currently, lenders and their title industry partners are sending a lot of data and information into mortgage transactions and are hoping for clarity. That’s a lot to ask. In the process, they face many challenges which make it difficult to achieve efficiency. The new technology could solve the problem for headline companies, if it meets five essential criteria.

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— It must be based in the cloud
— It should be easy to integrate both internally and externally
— Should include vendor performance tracking and reporting
– It should provide better control of a robust UI/UX environment
— It should come with system wide workflow built in and IT support for creating new custom workflows

Preparing for the future is always a challenge when engaged in a complex and rapidly changing business, but for title companies operating in today’s market, their survival depends on their ability to plan ahead. That’s why more headline companies are looking to the technology provided by VisionNet’s AtClose division.

AtClose enables faster closing and data-driven insights for better communication and shorter cycle times for both the mortgage loan and title industries. This integration gives AtClose users direct access to X1 Analytics products and services without leaving the platform.

The new white paper titled “What the Company Can Do Now to Prepare for the Future of Mortgage Lending” can be downloaded from this link.

About Visionnet Systems
Visionet Systems is a full-service IT consulting and services company serving global brands. For more than 25 years, it has provided digital solutions and services that help enterprises increase agility, reduce costs and reduce business risk. In July 2021, the company was named a finalist for the 2021 Microsoft Dynamics 365 Commerce Partner of the Year Award. In August 2021, Arshad Masood, CEO and Managing Director of Visionet was named the winner of EY Entrepreneur of the Year. 2021 New Jersey Awards. For more information visit www.visionet.com.

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Rick Grant
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