In addition, the solution provides real-time emails with pertinent information when issues are identified, so a title company's staff can proactively follow up and immediately take the required steps to mitigate risk. The email notices include the order number, company, title officer, number of transactions, who created property or name searches and more. A reports page organizes alerts by type, enabling users to easily view, print and email the reports. iOnTitle is compatible with XML, and provides seamless integration into a title company's system for minimal workflow impact.
"The title insurance industry loses millions of dollars in claims each year. Title experts usually uncover any problems during the title search process, however, manual errors can lead to these claims," said Lisa Roessler, Black Knight Data & Analytics' vice president of title strategy. "Our automated iOnTitle solution, which leverages rich data assets from Fidelity National Financial through a proprietary agreement, as well as Black Knight's advanced analytics, helps title companies discover issues early, instead of after the fact. This helps to decrease the likelihood of claims, as well as helps reduce the manual work, inefficiencies and costs associated with correcting manual errors."
About Black Knight Financial Services, Inc.
Black Knight Financial Services, Inc. (NYSE: BKFS) is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.
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SOURCE Black Knight Financial Services, Inc.