NextDeal announced it has integrated its preDOCS technology solution with Cloudstar. The technology automates the electronic delivery of opening packages for review, completion and eSignature by buyers and sellers, the company said.
“Until now the title industry has relied heavily upon the U.S. mail or standard email to deliver, and receive, opening packages and letters,” NextDeal CEO Robert Reich said in a press release. “We saw a need to securitize this process and significantly increase the low response rate experienced by title and escrow agents.”
The release said preDOCS increases accuracy by eliminating duplicate data entry because documents and data are returned to the escrow file. A full audit trail is available so users can track when the documents are received and opened, with time-stamped information.
“As a result of our title production software integrations, completed opening package documents and data are able to be securely and directly uploaded to most software files, ensuring real estate closings comply with ALTA Best Practices, and consumer non-public personal information remains protected,” Reich said.