Nontraditional Deed in Lieu for Uncertain Times


two women reviewing a document

By SingleSource | August 20, 2020

When processing Deed in Lieu of Foreclosure, one of the biggest challenges Servicers face is title transparency and quicker decisioning ability. Rather than relying exclusively on a current owner search, we believe it is necessary to provide Servicers with a full product search to help our customers make informed decisions about properties from the start.

Our title searches provide the history for 20, 40 and 60 years to help servicers get it right the first time.

Reduce Risk. Save Time. Save Money.

Make Better Decisions While Reducing Risk

As part of our Deed in Lieu service, SingleSource completes the title search based on the time frame the Servicer requests.

Our Title Curative team completes the standard cloud removal process and notifies client of any potential risk.

SingleSource provides opinion of completion of deed in lieu or referral to foreclosure.

Upon client request, SingleSource can negotiate Cash for Keys.

Next, SingleSource prepares Deed in Lieu package and any lien satisfactions.

SingleSource engages borrower for execution of Deed in Lieu and satisfactions.

SingleSource records documents and issues final title policy.

SingleSource’s centralized title production center produces a variety of title products to meet the needs of our customers. From loss mitigation title products to full title insurance on REO closing, and loan modifications, we have the ability to support servicers throughout the entire process. Contact us today to learn more about how our title and settlement solutions can help you offer the best service to your borrowers during today’s challenging times.

About SingleSource

SingleSource provides a comprehensive range of services that can be applied across the entire loan origination process and servicing cycle.

Our wide range of product and service offerings can be summarized by 5 main lines of business: Valuations, REO Asset Management, Field Services, Title and Settlement, and Document Management.

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