AFX Research, a provider of property research and title updates, announced its integration with Nexys, a loan management platform designed for lenders, brokers, and customers.
This partnership allows Nexys platform users to order and receive same-day, nationwide title update reports directly within the Nexys interface.
“This integration brings together the strengths of two innovative companies,” David Mitchell, CEO and president at AFX Research, said in a release. “By offering same-day title updates directly within the Nexys platform, we’re empowering lenders with the speed, reliability, and efficiency they need to focus on what truly matters: serving their clients and growing their business.”
More than $1 billion in funded loans has been managed through Nexys, the company said.
Key benefits of the integration include:
- Same-day title updates: Nexys users can now access AFX’s industry-leading title update reports, which boast an average nationwide turnaround time of just 0.67 business days.
- Improved draw disbursement speeds: The integration enables lenders to achieve a 5x acceleration in draw disbursements, empowering them to close loans faster and drive growth.
Nexys platform users can now seamlessly order AFX title update reports, which provide verification of property ownership and encumbrance details from the current owner's purchase date to the effective date on the report. Each report includes current deed information, mortgages, tax status and copies of any liens or judgements appearing on the title.
“Our mission at Nexys has always been to provide lenders with the tools they need to thrive,” said Kirk Ayzenberg, CEO and president at Nexys. “Integrating AFX’s title update services aligns perfectly with our goal of delivering an efficient, all-in-one platform. Together, we’re setting a new standard for loan management.”