SingleSource Attorney Conclusion of Title (ACT™) to Offer Major Consumer Savings
ACT™, an attorney opinion letter, offers similar protection as a title insurance policy—yet costs much less
Although the concept of using legal opinions to confirm the marketability of title has been around for as long as property transfers have been documented, ACT™ is a new iteration that makes these opinions scalable, affordable, and widely available – and GSE approved. Under the authority of the supreme court of the state where the property is located, attorneys who issue an ACT™ will be protected by a comprehensive liability wrapper – enabling SingleSource to provide comparable coverage as a title insurance policy at a much lower cost to the consumer.
The SingleSource ACT™ is being offered through a collaboration with Voxtur, a technology company creating a more transparent and accessible real estate lending ecosystem.
"Lenders and consumers finally have a new option when it comes to title insurance,"
"We're excited to collaborate with SingleSource on its ACT™ offering," said
Generating an ACT™ starts with a data-driven decision report followed by a preliminary opinion. Once the closing is complete, the final ACT™ is issued and delivered to the lender and borrower.
Available through a direct integration with the originator's loan origination system, the SingleSource ACT™ works with existing settlement processes and can be produced in the same amount of time as a traditional title policy.
ACTs™ are available on loans up to
The SingleSource ACT™ is currently available nationwide. Read more about ACT™ at https://www.singlesourceproperty.com/act/
About SingleSource
SingleSource is a leading provider of property services supporting the
Press Contact
Strategic Vantage Marketing & Public Relations
214.762.4457 | samgarcia@strategicvantage.com
View original content:https://www.prnewswire.com/news-releases/singlesource-attorney-conclusion-of-title-act-to-offer-major-consumer-savings-301610070.html
SOURCE
Final Expense Insurance Market Is Booming Worldwide : Prudential, Allianz, Zurich Insurance Group
Paul Trueman Joins Everest Insurance International® as Head of Aviation
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News