Lenders are constantly seeking ways to streamline their workflow processes to reduce friction, save time, and reduce costs. Yet, many lenders fail to realize that their title agent partners go through an unnecessarily convoluted process just to work with them. Title agents have to use multiple systems to key in their fee data, validate their profile and licenses, pull down lenders’ orders and upload their documents, and communicate through emails – all while their entire ecosystem lives inside their title production system which they can’t use because they’re running around in all these different systems. Now more than ever, due to the pandemic and remote work, the need for an integrated platform has become a priority to the industry. In this blog post, we will discuss how integrating GridBase can streamline the collaboration process, reduce friction, save time, and reduce expenses.

Since the start of the pandemic, many industries have undergone significant transformation with most businesses shifting toward digital and remote work. Digital transformation of all industries, including the real estate industry, has been accelerated. However, one area where digital transformation remains a challenge for the real estate industry is the communication and data exchange between lenders and title agent partners. Most platforms require title agents to utilize multiple platforms and various modes of communication to complete their workflow, which can ultimately hinder productivity and accountability.

By integrating GridBase, lenders can simplify communication with their title agent partners by providing them with a single platform where they can manage everything from fee data input, profile validation and document submission. GridBase’s all-in-one platform eliminates the need for title agents to manage multiple systems, thereby increasing productivity and accountability. Title agents will no longer have to switch between different platforms, which often creates a communication gap, impeding productivity, and limiting transparency.

Additionally, using GridBase will help lenders reduce expenses by eliminating the cost of having title agents maintain multiple software systems, support services, and data centers. This integrated platform will help lenders and their partners work more cohesively, aligning on timelines, deliverables, document submissions, and other workflow processes. With a simplified communication process, all parties involved can work more efficiently, speeding up the closing timeline and reducing expenses for all parties.

GridBase’s platform also provides compliance and security measures that are essential when partnering with title agents. Title agents deal with sensitive data and documents daily, which is why security measures are critical when integrating software. GridBase ensures that all parties’ information and documents are securely stored and managed to meet the latest regulations to keep information safe, private, and compliant.

Ultimately, GridBase provides an all-in-one integrated platform that streamlines the collaboration process between lenders and their title agent partners. The platform simplifies communication and workflow processes, reduces friction, saves time, and reduces expenses. Lenders never have to leave their LOS; title agents never have to leave their TPS. Both are more efficient, they work better together, and their respective pain points are solved in a way that doesn’t inconvenience the other party – a novel concept for our industry.

By using GridBase, lenders can provide their title agent partners with a simplified means of working together, ultimately resulting in increased productivity, improved transparency, and faster turnaround times. Take the first step in future-proofing your title agent partnership by integrating GridBase into your workflow now!