The Williston Financial Group National Title Insurance Co. has launched TitleNet, a national network of independent settlement services providers which will service high volumes of settlement transactions.
“TitleNet is a national network of title insurance agents, lenders and Realtors integrated through an electronic service portal allowing participants to order, receive and deliver title insurance and settlement services”, explained Joe Drum, executive vice president of WFG National Title. “The network processes residential, resale, refinance and commercial transactions, as well as loss mitigation, default and REO transactions.”
Ravi Bapodra, TitleNet’s vice president and managing director, states that TitleNet’s strength is derived from its support of independent title agencies and their clients. The network will uphold clients’ service norms and expand participants’ access to orders they might not usually receive.
“We are supporting our independent agents at what they do best,” he said. “Using top technology, we can allow our regional and local agents to employ their local experience, while participating in transactions to which they might not ordinarily have access. More important, TitleNet helps those agents seeking to grow their order counts and revenue without forcing them to make major investments. TitleNet will open many doors for local and regional agents that might otherwise have remained closed to them.”
The Title Report is following up with WFG and will have a more in-depth look at the scope of TitleNet in the coming weeks.