Mortgage Advantages Corp. and Lenders Advantage to Supply Discounts on Settlement Services

Redwood City, CA (PRWEB) September 30, 2005

Mortgage Rewards Corporation (MBC http://www.mortgageplans.com), the leading provider of group mortgage positive aspects, nowadays announced that Lenders Advantage (http://www.lendersadvantage.com), a division of Very first American Title Insurance coverage Business, has reached an agreement to offer discounted settlement services for The MortgageChoice Program via Uniquest, a tailored title insurance coverage and settlement services item for refinance transactions.

&#13

The new Uniquest solution gives special pricing and terms on title insurance and other settlement solutions to MortgageChoice Strategy members by means of a nationwide, state-of-the-art electronic processing method. Plan Members will benefit from a centralized title solution, coordinated with the “higher touch” assistance of a local closing. Lenders Benefit utilizes nearby First American offices/agents in 44 states and DC for settlement.

&#13

“Lenders Advantage has designed a exclusive system with national servicing levels and particular pricing terms to fulfill title and settlement solutions for our Program members”stated Marsha Tiller, president and founder of MBC. “Uniquest is an unprecedented fusion of a centralized title item, coordinated regional closing solutions, and enhanced consumer assistance. Lenders and brokers will be in a position to perform collectively on The Mortgage PPO and The Realty PPO platform to control title turn instances and monitor the quality of regional settlement agents. ”

&#13

Uniquest will not require the MBC mortgage broker providers to modify their internal processes to accommodate current Lenders Advantage applications or call for adapting to a customized variation of centralized closing. As an alternative, Uniquest is a total modification of Lenders Advantage applications and will wrap about the existing approach of most mortgage brokers.

&#13

The MortgageChoice Plan voluntary advantage, launched in June 2004 on The Mortgage PPO platform, utilizes the purchasing energy of the employee group to offer discounted pricing and offers a decision of preferred providers and 1-quit shopping comfort. In July, MBC launched The Realty PPO, which functions cash rebates and credits to employees for the obtain or sale of properties, a decision of pre-screened Realtors