A new industry partnership has derived an online, third-party solution for home buyers and sellers to to process title insurance and closing settlements.
The partnership between LoanMarket.Net
, an online marketplace for buying and selling real estate-secured note investments, and First American Title Insurance Company
, aims to provide online buyers and sellers with a single source for efficient and cost-effective title and settlement services.
"We believe that our centralized national solution is a perfect fit for buyers and sellers operating in an online marketplace environment," said Vincent Foley, vice President of First American Title Insurance Co. in a press statement today.
LoanMarket.Net, designed to offer existing investors and potential investors, a neutral, open marketplace, said First American's proven technology, expertise and nationwide reach will ensure customers a seamless title and settlement process.
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