Too many people who run title insurance agencies are still processing their transactions using a paper-based system. Unfortunately, by clinging to an outmoded method they are ultimately cheating themselves out of their full revenue stream. In the 21st century, agencies must take steps using technology to remain competitive, or they will lose out to savvier companies.
Going paperless is a major step in the right direction for a title insurance agency. Paperwork can be easily lost or misplaced in a busy office, thus resulting in botched transactions and frustrated employees. Handling and organizing physical documents places an unnecessary administrative burden on staff. By implementing software that allows a user to instantly populate, save, upload, and share a document, the title agency is investing in its long-term health.
Furthermore, completing transactions online is convenient for stakeholders because they will then be able to access all necessary documents whenever and wherever is suitable to them.
Having documents stored securely in a digital format online makes moving through the points in a transaction simpler and saves the time that the parties to the transaction would otherwise spend downloading, uploading, and emailing files. In the title industry, time is money. Every second counts, and it is important to make every step as efficient as possible.
Real estate service providers must meet rigorous credit standards and face brutal competition. Pouring time and money into obsolete methods of processing title orders is not an option, and using pen and paper wastes time and money with every transaction your company completes and gives your clients a diminished customer experience.
It is important not only to choose the right software, but also to make sure that everyone in your office (from the executives on down) knows how to use it to its full effect. Eliminating the paperwork will speed up and simplify your title transactions, and the real estate agents, lenders, attorneys, investors, and other partners you work with will appreciate how easy your transactions have become. So start researching improved software todayand watch your business grow.