SingleSource Launches Deed in Lieu Title Product

February 11, 2020

SingleSource now offers a deed in lieu title product that provides full, state-driven searches at 20, 40 and 60 years. As a result of the ever-increasing pool of REO properties, SingleSource devised a end-to-end deed in lieu process and has added team members who specialize in servicing these transactions.

“One of the biggest challenges servicers face is title transparency and quicker decisioning ability,” said Ed Austin, COO at SingleSource. “Rather than rely exclusively on a current owner search, we go the extra mile to provide servicers with a full product search to help them make informed decisions about properties from the outset of their involvement with transactions.”

As a licensed title insurance agent in 35 states, and workshare partnerships in 15, SingleSource offers this service nationwide.

“The difference is in the thoroughness and research of the product,” added Chrissy Ziccardi, director of title and settlement at SingleSource. “Traditional deed in lieu products only offer servicers a current owner search. With our full search, we perform in-depth research, including municipal searches, to reduce risk for our customers immediately and save them time later.”

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