RamQuest Inc. announced the addition of Final Trac to the network of service providers on its Closing Market digital network.
With the Final Trac integration, RamQuest’s Closing Market-enabled customers can electronically order release tracking to track the paid-off liens at the time of closing and ensure that a proper and timely release of mortgage/lien is prepared, delivered and recorded. As part of Final Trac’s service, releases are verified and recorded, thereby avoiding the need to reopen a file post-closing to send out the release to the land records office. By using Final Trac’s services, customers can be assured that there is never a break in their chain of title.
“With the Final Trac service on Closing Market, customers can order release tracking with one simple button click — it really is that simple and saves so much time, and they never have to think about the release again,” said Linda Egan-Aparo, chief executive officer at Final Trac. “We are also working to add curative work to our Closing Market integration. This service will locate documents clouding your title that would be needed to make sure your closing transaction can close.”
RamQuest’s Closing Market is an application-to-application interface that electronically connects business partners allowing each participant to work from within their own software.
“We are excited to be able to bring Final Trac and their services to our Closing Market customers,” said Brooks Yeager, RamQuest’s director of Internet services. “This is another of the many Closing Market interfaces that enable title companies to set themselves apart in their respective markets by creating competitive advantages. By using the capability and services offered through Closing Market, title companies can more efficiently and effectively service their current customers in addition to opening doors for new opportunities.”
Final Trac was formed in 2006 and is a full-service, independently owned, Connecticut-based title clearing and release/discharge tracking company.