Mortgage originators are used to not being able to update title documents quickly. Linear Title & Closing now says they no longer have to live with that. Rhode Island-based Linear Title now offers a online platform for clients to access files, allowing any changes to be reflected in a maximum of 15 seconds. The company estimates most changes would not take more than 5 seconds. The system is a far cry from lenders e-mailing title companies or phoning in price changes. The Linear system is more akin to surfing the Web, according to CEO Nick Liuzza, in an exclusive interview with HousingWire. “In 2011, lenders are looking for ways to become more efficient,” Liuzza said. “If they can get information back much sooner, disclosure timelines are no longer a worry.” The mortgage underwriting process is lengthening, timewise. Getting a mortgage now takes more documentation, higher credit scores and greater liability on all parties involved. Simple time-delay issues, such as losing an interest-rate lock, costs lenders a huge amount in revenue each year. Linear wants to reduce the amount of time it takes to close a mortgage on the back-end, to allow for a quicker clearance to close. Liuzza said his company is a solution to plug those holes. The Web service allows lenders to integrate the Linear platform directly to their existing loan origination system. Updated fees push directly to client files via XML. “Our clients that have integrated this service are enjoying decreased turn time,” said Brooke Whittaker, Linear director of operational partnerships, “and have seen their margins increase by lowering labor costs.” Linear offices are also located in California and Texas. As of last year, the firm now does business in every single state. Write to Jacob Gaffney. Follow him on Twitter @JacobGaffney.