Fintech company FirstClose has launched a new technology that automatically delivers customized title search reports to mortgage lenders.
The firm’s new SMART Select picks the title vendor with the best service, price, and turn-time for each financial institution. The new tech chooses from six approved national vendors to deliver title search reports. The technology also notifies lenders when a provider has decided to increase rates.
“Think of SMART Select like cellular coverage,” said FirstClose Chief Product Officer Corey Smith. "Why choose only one provider when you can have the top six cell phone providers all under one plan, you’d have the best possible coverage everywhere you go. That’s the essence of SMART Select. It delivers the best coverage, pricing and turn-time for each customer.”