PropLogix has launched a payoff letter service designed to save closing agents time, the company announced.
PropLogix said the service retrieves payoff letters for mortgages and home equity lines of credit from the lenders on behalf of closing agents, getting them to the closing table faster.
“We already help customers track releases after closing and many have requested that we start obtaining mortgage payoff letters for them to speed up their pre-closing workflow,” PropLogix President Tim Healy said in a release. “We work very closely with lenders already and it just makes sense that we could help our clients out in this new way.”
PropLogix said the service can be ordered directly through its website. It is not available via closing software integrations.