InspectHOA, a provider of homeowner’s association (HOA) documents acquisition and modernized settlement processes for the real estate industry, has introduced its mortgage payoffs solution.
The mortgage payoffs offering leverages a database comprised of mortgage lenders nationwide. Each lender’s ordering process is incorporated into the system, which assigns the order date based upon the closing date to ensure the payoff is valid at the time of closing.
According to the company, authorization is only requested if necessary and, in situations where a closing is postponed, the ordering date is automatically pushed back as well.
“InspectHOA strives to be the premier provider of multiple streamlined title and closing processes,” co-founder Anton Tonev said in a release. “We’re using a combination of AI technology, robust and continuously updated databases, and a team of professionals proficient with the entire settlement process to help title agents streamline their operations. The mortgage payoffs solution clears yet another traditional chokepoint in the title agency workflow, allowing employees to spend more time with customers, providing a superior customer experience, leading to higher referral rates and increased market share.”
InspectHOA said the introduction of its mortgage payoffs package signals the company’s intention to become the premier provider of a full suite of modernized settlement solutions.