Collaboration Center users can now quickly validate title agents
Mortgage Cadence has announced the addition of the American Land Title Association (ALTA) Title and Settlement Agent Registry to its Collaboration Center.
With the integration, users can verify the identity of real estate attorneys, title insurance agents, and settlement companies through the Collaboration Center. The platform automates processes and facilitates the exchange of documents and information in the mortgage closing process.
In addition to contact information and branch locations of settlement firms, agents, and title companies, each registry listing includes a title agent or real estate attorney’s seven-digit ALTA ID. With the unique identification, Collaboration Center immediately validates title agents during the application process to ensure that all users are verified – increasing the network’s security.
“The national ALTA Registry is a unique real estate utility created specifically for mortgage lenders and technology partners,” ALTA Chief Executive Officer Diane Tomb said. “We’re pleased to offer this tool as an innovative product to Mortgage Cadence and its clients. The emergence of the ALTA Registry as an effective and easy-to-use source of data and information comes at the perfect time to help counter the alarming increase in wire fraud.”
“The addition of ALTA registry data in Collaboration Center adds another layer of defense against cybercrime and represents just one of the many steps Mortgage Cadence uses within the product to provide secure alternatives to email,” said Bryan Ireton, CEO and managing director of Mortgage Cadence.
