Radian Unveils Digital Title Review Process
December 10, 2020
Radian Settlement Services, a subsidiary of Radian Group Inc., launched a digitally enhanced title review process known as Radian Ready.
According to the company, the process provides title reports that give borrowers clear curative actions and turn times. Radian said this workflow streamlines the time from title production to title curative and reduces the time to close by days.
With Radian Ready, title documents will be routed into one of three categories based on a simplified grading system:
- Graded title documents that are instantly approved clear to close.
- Graded title documents indicating there are items on title that are expected to be clear to close in one to five business days.
- Traditional graded title documents indicating there are items on title that will take five or more business days to clear.
If there are outstanding issues to clear, Radian will identify those items and explain to the customer how those items will be cured.
“With an innovative technology platform combined with a high level of end-to-end customer service from search through closing, Radian Ready clears the way for quicker closings and enables borrowers to know where they stand at every step of the process,” said Jill Cadwell, senior vice president of Radian’s title operations. “The launch of Radian Ready is a key milestone in Radian’s pursuit to transform the title insurance and closing process—we are leveraging our unique technology, data and analytics to disrupt the traditional title process and enable a seamless experience for our customers.”
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