RamQuest’s Closing Market Network Surpasses Five Million Transactions
May 22, 2012
RamQuest Inc., a provider of business solutions for the title insurance industry, reports its Closing Market digital network reached a new milestone of five million unique transactions during April 2012.
Closing Market is RamQuest’s application-to-application interface that electronically connects business partners allowing each participant to work from within their own software. In these same metrics, RamQuest reports 1.3 million orders have been accepted through the Closing Market network to date – these include title orders received by RamQuest title companies that were initiated by lenders and other Closing Market partners. Additionally, Closing Market is consistently delivering more than 100,000 documents each month.
“By significantly streamlining the ordering, processing and delivery of settlement services, Closing Market has distinguished itself in the market as a way to achieve efficiencies and increase productivity and profitability, said Brooks Yeager, director of internet service for Closing Market. “Future success in this industry will belong to title companies that can deliver to their customers not only good service but good service quickly and efficiently. Technology is the only way to do that.”
The Closing Market digital network continues to gain traction in the RamQuest user community with its integrations to nationally-known loan origination solutions, integrations with four of the top five underwriters and integrations to numerous service providers.