CLOSINGSHIELD IS SERVICELINK’S NEXT GENERATION OF INSTANT TITLE.
ClosingShield is ServiceLink’s next generation of streamlined title product that accelerates speed to close for customer-initiated refinances. ClosingShield leverages a proprietary process that runs algorithms across current data sources from Black Knight Financial Services, Fidelity National Financial, ServiceLink, public data, title plant data, MLS and credit repositories. Responding within seconds, ClosingShield provides an instant clear-to-close decision during the loan application, elimination days of ambiguity related to clearing title. A standard ALTA title commitment follows within hours, and an ALTA short-form or long-form policy will be issued after post-close.
- Provides immediate clear-to-close decision
- Helps lock in the customer and secure application from competitive alternatives
- Streamlines underwriting processes
- Typically reduces time to close from one week to mere days
- Improves pull-through rates
- Reduces hedging costs with expedited clear-to-close
- Enhances customer service