DecisionPoint helps lenders enhance loan origination efficiency, better manage their pipeline and significantly improve loan closure rates by identifying title clearance challenges upfront. DecisionPoint does this by grading and then estimating the amount of time needed to clear title for each loan at the time of application. DecisionPoint from WFG Lender Services provides automated title decisioning and analyzes property encumbrances and applicant circumstances to immediately project a reliable clear-to-close timeframe. DecisionPoint does this using WFG’s proprietary grading system, which can deliver either a binary “clear” or “not-clear” grade or a tiered grading.
- DecisionPoint can provide immediate decisioning for the vast majority of U.S. properties and immediate title clearance for more than 30%.
- Delivers a full, detailed title report within seconds, alerting lenders whether the loan is “clean,” meaning it can close within a matter of days, or needs some measures that will take longer to rectify before a title insurance policy can be issued.
- Lenders can obtain critical information from borrowers during the initial call, generate loan estimates, obtain borrower consent, thus reducing loan application drop-out rates.
