ResWare is now fully integrated with reQuire’s Release Tracking Service. ResWare users now are able to electronically order release tracking with reQuire from within the ResWare environment.
reQuire’s goal is to provide search and reporting to consumers on mortgage liens to assure the obligations committed to in the purchase or sale of a home have been satisfied. In addition, settlement companies, law firms and underwriters have access to this innovative solution to improve their file management, recordkeeping and risk abatement processes.
reQuire’s Release Tracking service is a proactive approach to complying with Best Practices. Additionally, the service fulfills the reasonable expectation of the consumer that the lien associated with the mortgage paid off at closing will be removed promptly from the property.
“Settlement agents and attorneys are improperly burdened with the task of trying to get the form mortgage holder to clear paid liens many months, and sometimes years, after a transaction has been closed. The integration with ResWare streamlines the process of ordering reQuire Release Tracking, which assures the lien is properly removed from the property,” said Matt Klein, president of reQuire.
“Facilitating the release of mortgages and deeds of trust through ResWare increases efficiency and decreases costs and errors,” said Bryan Buus of Adeptive, the privately-owned maker of ResWare.