Agents National Title Insurance Company (ANTIC) has debuted REalSearch, an automated title data search and decision engine. REalSearch utilizes artificial intelligence and machine learning combined with sound underwriting guidelines to search both traditional and non-traditional property data sources. The result, the company said, is an instantaneous, highly accurate and secure title product that allows title agents to close transactions faster and with less title clearance.
“REalSearch is designed to deliver title products that aren’t just fast — they’re done right,” said Todd Mendolia, ANTIC COO. “Whether you are a lender looking to dramatically impact your loan lifecycle or an agent needing to find workflow efficiencies, REalSearch and ANTIC are here to support you.”
The REalSearch report can be combined with a traditional title production platform to reduce exam time and increase accuracy. In many instances, files are clear to close with no further work by the agent. The logic in the workflow is paired with current Agents National Title Insurance underwriting rules to produce a product that is backed by a national underwriter.
Lenders will be able to use REalSearch to expedite loan underwriting and close transactions faster. In addition, it has analytic capabilities for portfolio retention and can be used for multiple facets of the lending process. REalSearch can be utilized early in the lending process, improving process workflow and shortening the origination process.
