Enhanced Property Report
Lenders are constantly working to streamline the loan process and decrease costs. With our Enhanced Property Report, lenders are able to evaluate and underwrite home equity, second mortgage, and refinance loans faster and more economically than with traditionally used products.
How Our Enhanced Property Report Works
After a request has been submitted through our secure online platform, one of our independent abstractors collects the necessary data directly from county records. Within 24-48 hours we reply with a report that includes any open mortgages, judgments, and tax information on the property so that you can determine the lien position for that pending loan.
Kroll Factual Data maintains Errors & Omissions coverage in the event that we are responsible for lender loss or financial damages resulting from an error or omission – making our Enhanced Property Report an excellent alternative to more traditionally used products.
Why Our Enhanced Property Report?
- Close Loans Faster
Our proprietary network of independent abstractors makes it possible to return the Enhanced Property Report within 24 to 48 hours.
- Reduce Closing Costs
Our Enhanced Property Report is significantly less expensive than traditionally used title insurance – enabling lenders to decrease closing costs.
- Standard & Poor’s Approval
Standard & Poor’s Rating Services has announced their acceptance of our Enhanced Property Report on rated RMBS loans as an alternative to title insurance and that they believe our Enhanced Property Report will expedite origination while reducing costs.
- Includes Legal & Vesting Information
To assist in closing loans, our Enhanced Property Report includes the full legal description, parcel ID and vested title holder information on the property.
- Closing Services Available
Kroll Factual Data offers Witness Signing Services, Disbursement Services, and Recordation Services to meet your specific closing needs.
