Advantage Title, Inc. Delivers Industry’s Most Feature-Rich GFE Rate Calculator for Enhanced Efficiency

IRVINE, Calif.--(EON: Enhanced Online News)--Advantage Title, a leading provider of technically advanced title insurance and escrow services powered by Title365, introduced its new GFEz™ RESPA-compliant online rate calculator that delivers instantly generated, reliable electronic quotes for title premiums, endorsement, payoff, and recording fees, transfer taxes and other title and closing related fees for lender and real estate customers nationwide.

“In light of the recent RESPA regulations, GFEz continues Advantage Title's demonstrated expertise in delivering superior online resources for title and escrow services that streamline efficiencies critical to today’s real estate community”

January 1, 2010 marked the implementation of Real Estate Settlement Procedures Act (RESPA) reform requiring lenders to provide residential customers with a new format for Good Faith Estimate (GFE), documentation that estimates settlement charges and summarizes loan terms for customers. In most situations, title fees must fall within a tolerance level group that cannot collectively vary more than 10 percent in compliance with this reform.

"In light of the recent RESPA regulations, GFEz continues Advantage Title's demonstrated expertise in delivering superior online resources for title and escrow services that streamline efficiencies critical to today’s real estate community,” said Michael Tafoya, CEO of Advantage Title. “We are confident our GFEz rate calculator, together with our industry-proven Title365 transaction management platform, should prove appealing to lenders and real estate professionals looking for superior efficiency thanks to an accurate and user-friendly solution for online GFE quoting capabilities.”

Advantage Title’s new GFEz boasts the industry’s most extensive, user-friendly benefits and features, including:

24/7 online access;
Nationwide quotes;
Visibility of all GFEs created by users or their authorized associates;
Instantaneous sharing of GFEs with pertinent parties;
Ability to automatically order services directly from a quoted GFE;
Title officers and account managers have instant online access to GFEs relevant to their customers, allowing for immediate review, improved communication and ability to update on-the-fly as needed;
Ability to modify GFE drafts anytime prior to its assignment to an in-process transaction. Following finalization, title officers can modify details in real-time on behalf of customers;
Integrated property search with up-to-the-minute property information ensures selection of correct property during the GFE request process;
Built-in regional geographical data seamlessly populates unique requirements for items such as transfer taxes;
Unlimited access to all previously generated GFEs.

Advantage Title’s GFEz is available now nationwide to lender and real estate customers and can be accessed online by visiting www.title365.com/.

About Title365

Title365 from Advantage Title delivers the ultimate in user-friendly online transaction management to effectively facilitate the ordering of title insurance and closing-related services. From instantly opening orders, to obtaining recorded documents, real-time transaction status and documents, sales comparables, to utilizing time-saving communication tools, Title365 provides an unparalleled level of online convenience, intuitive functionality and solid security for title, escrow and default services. For more information about Title365, please visit www.title365.com.

About Advantage Title

Advantage Title, using the Title365 platform, is the most technologically advanced nationwide provider of title insurance and settlement services. The company, located throughout Southern California, serves residential real estate brokers, mortgage and financial institutions, asset managers and independent escrows with traditional title insurance, escrow and national closing services, default services, and diverse technology solutions. Our unique methodologies and nimble, centralized product fulfillment model deliver superior value and faster turnaround times while measurably improving our clients' business performance. Title policies are underwritten by Old Republic National Title Insurance Company and First American Title Insurance Company, two of the country’s largest underwriters.