Vylla Title, an affiliated company of Vylla Solutions LLC, introduced a new product called Trustee Sale Guarantee, a title search product, combined with an insurance policy, designed for the foreclosure process.
In addition to the title search process, which identifies all lien holders, Trustee Sale Guarantee’s insurance component is designed to cover any potential gaps that might occur. Because the insurance component is required by law for foreclosures in Arizona, California and Nevada, the Trustee Sale Guarantee product will help servicers and law firms needing default foreclosure title services in those states, according to Vylla Title.
“Vylla Title’s next-gen in-house technology, longstanding industry experience, automated processes and unique industry technology partnerships enable swift and efficient title transactions, with many complex title issues resolved in hours, rather than days,” Vylla Title said in a release.
Online quoting tools allow customers to calculate the estimated costs and estimate revenue gains for a variety of real estate transactions. Vylla Title’s banking integrations facilitate disbursement to customer accounts upon funding approval. In addition, an iOS mobile app for clients in California allows up-to-date monitoring of the progress of closing.
Vylla Title Executive Vice President and head Tom Huddleston said the new product is an example of Vylla’s commitment to innovation. “We will continue to set new standards for simplifying even the most complex transactions for our customers,” he said.