DS News

March 2017 - Tools of the Trade

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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58 Default Title Directory SPECIAL ADVERTORIAL SECTION Premium Title™, an Altisource ® Business Unit KEY PERSONNEL James Weld SVP, Title Insurance Services Gregg Grant VP, Title Production and Trustee Services Deborah Everett VP, Title Insurance Compliance Vivek Bajpai VP, Settlement Services STAFFING » Number of personnel dedicated to providing title services: 742 GEOGRAPHICAL SCOPE AND COVERAGE AREA » Services provided directly in 38 states with title network relationships in 12 states TITLE AND SETTLEMENT SERVICES » REO default » Insured and uninsured pre- foreclosure title reports » Construction title products » HELOC refinance/reverse transactions » Bulk investor transactions CORPORATE DETAILS: GEORGIA OFFICE: 1000 Abernathy Road N.E., Suite 200 Atlanta, GA 30328 TEXAS OFFICE: 6404 International Parkway, Suite 2050 Plano, TX 75093 | UTAH OFFICE: 6975 Union Park Ave., Suite 600 Cottonwood Heights, UT 84047 | CALIFORNIA OFFICE: 1500 Palma Drive, Suite 238 Ventura, CA 93003 | 855.339.6325 | Siri.Gunn@mypremiumtitle.com | Altisource.com/premium-title COMPANY DESCRIPTION: Premium Title is an ALTA Best Practices certified, national provider of title and settlement services for refinance, reverse, HELOC, purchase and sale (both REO, non- default, and bulk) transactions. The company specializes in the disposition of bank-owned REO properties throughout the United States. Premium Title closes approximately 2,000 REO sales per month and produces over 5,000 preforeclosure property reports (insured and uninsured) per month. Additionally, in 2016, Premium Title participated in several bulk transactions totaling more than 5,000 assets. The title company is also proficient in handling preforeclosure modification title products such as the Mortgage Priority Guarantee (MPG) and the Mortgage Modification Policy (MMP). COMPANY HISTORY: Premium Title is a business unit of Altisource, a leader in providing services and technology for the mortgage and real estate industries. Premium Title was initially established as a Florida-based title and settlement service provider but then expanded quickly throughout 2011 and 2012, and now offers title and settlement services nationally. REGULATORY COMPLIANCE: The team at Premium Title has extensive experience with various client, regulatory, agency, investor, and local requirements, including Fannie Mae, Freddie Mac, FHA/HUD, VA, USDA and TRID. Premium Title has a specialized compliance division in the business unit dedicated to compliance with all state and federal regulatory and licensing matters for title insurance and settlement. KEY FEATURES/BENEFITS: Knowledgeable » The answers you need from a real person backed by a team of experts » Independently ALTA Best Practices certified for following rigorous industry standards » Automated services to simplify order acceptance and reduce transaction times » Full-time underwriting and title attorneys on staff Responsive and Convenient » Fast turnaround times that can help expedite your closing process, reduce your exposure to risk, and avoid surprises » 24/7 online access to the status of your files » Integrations with your loan origination system (LOS) for a customized environment WHAT SETS YOU APART FROM YOUR COMPETITORS? High-quality service is more than our standard–it's a core value. By putting your needs first, the team at Premium Title is better able to help accelerate your business at every step—and help you close more loans. Their goal is to service your needs with a personal touch not found at other title agencies. » Aggressive pricing » Excellent customer service » Technology integrations and automations » Global workforce to expedite file processing » Customized workflows » Designated point of contact WHAT ADDED VALUE DO YOU BRING TO YOUR CLIENTS? » Expertise in identifying and clearing foreclosure- related title matters to speed closings » Disbursement complete in less than one business day from funding for 100 percent of transactions* » Average time to deliver title policy is within seven business days for 98.8 percent of transactions** » *SLA for Active Refinance and Reverse clients (who have closed more than 25 files in one or more of the months during June 2016 to November 2016) » **Excludes states which require recording confirmation prior to policy insurance WHAT INDUSTRY AWARDS, ACCOLADES, AND MILESTONES HAS YOUR BUSINESS ACHIEVED? » ALTA Best Practices Certified » BBB A+ Accreditation Note: Premium Title™, is an Altisource™ Business Unit. Premium Title Services, Inc. (d/b/a Premium Title Agency Services in New York, PTS – Pennsylvania, Inc. in Pennsylvania, Premium Conveyance Services, Inc. in New Jersey), Premium Title of California, Inc., Premium Title Agency, Inc., PTS-Texas Title, Inc. and Premium Title Insurance Agency – UT, Inc. Offices Atlanta, Georgia Plano, Texas Cottonwood Heights, Utah Ventura, California

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