AUSTIN, Texas—New Vista Solutions is reporting it has introduced “Home Equity Clear-to-Close,” a new home equity solution the company said provides instant title data and decisioning to speed the workflow.
Home Equity Clear-to-Close is being offered following an integration with the software provider Flueid, according to New Vista Solutions.
“Fueled by the patented Flueid Decision platform, Home Equity Clear-to-Close provides mortgage lenders with instant awareness of the condition of title at loan application. With upfront title guidance, lenders can reap higher margins and efficiencies, while reducing costs and loan cycles,” New Vista Solutions said.
The company added that Home Equity Clear-to-Close also provides for the “quick identification and prequalification of borrowers as well as those who qualify for a quick close to FastTrack their loans. This product brings additional home equity streamlining capabilities to the mortgage lending community as well.”
New Vista Solutions provides settlement services products for residential and commercial lenders and is a full-service vendor aggregator providing multiple product offerings, including its FastTrack Home Equity bundle, exclusive SmartView Report, vendor due diligence, and a centralized customer service experience.
Empowering Lenders
“We are excited about the opportunity to join forces with Flueid to empower lenders with a solution that further streamlines the home equity lending process. NVS strives to find new ways to speed up the loan process and reduce the overall cost of production of real estate lending and we believe this new product achieves these goals,” said New Vista Solutions President Gary Kasper.
Flueid assists real estate transactions by bringing title data and insights to the start of every residential real estate workflow to optimize processes, automate systems, reduce costs, and transaction timelines, reducing the time to close to five days or less while also streamlining the transaction and enhancing the consumer experience, New Vista Solutions said.
‘Committed to Innovation’
“Flueid is committed to innovation and continuously looks for like-minded partners to collaborate and integrate with to advance the digital real estate transaction and reduce the time to close,” said Peter Richter, co-founder & president of Flueid. “Lenders want to deliver a five day or less home equity closing with newfound speed and simplicity, and New Vista Solutions is helping lead the way for home equity lenders to deliver and achieve this goal.”
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