News

October 24, 2006

CONSUMERS ENJOY TRANSPARENT, HANDS-ON REAL ESTATE CLOSINGS WITH ALLIANT NATIONAL TITLE INSURANCE CO. AND CLOSINGSITE


Online service offers consumers, professionals real-time, transparent closing experience
LONGMONT—Alliant National Title Insurance Company, a unique title insurance underwriter that partners with Independent Agents to improve their competitive position in the marketplace, announces an agreement with, and installation of the ClosingSite Internet-based service within most of its Independent Agent offices. ClosingSite is an online service that enables consumers and Independent Agent title companies the ability to manage, 24/7—and within the privacy of their homes, offices, or wherever an Internet connection is available—the voluminous paper inherent in typical real estate transactions. Consumers and real estate professionals now can review real estate closing documents as they become available, are automatically alerted when critical documents are posted or completed, and when key real estate closing events occur.

ClosingSite immediately and automatically converts closing documents (faxed or emailed) into a secure, password-appropriate web site in PDF format. Furthermore, the service offers unique features, including: ease and ability to integrate with most major title insurance agents' production software; low-cost, easy installation; and user-friendliness. Virtually no other service offers both email and integrated inbound and outbound faxing, and ClosingSite provides secure, electronic-data storage.

"ClosingSite revolutionized our real estate transaction experience," says Paul Barrow, owner of Metro Properties Inc. in Denver, Colo. "Buyers, sellers, and our staff can check the status of all of closing documents anytime, anywhere. The convenience is unbeatable."

In addition to management of closing documents, events and all parties of real estate transactions, ClosingSite automatically notifies parties via email of the availability of all documents and the completion of events, and also allows all parties to fax and email documents directly to and from the site. Brokers, lenders, buyers, sellers, attorneys, title company personnel, appraisers, etc., can password-appropriately share and access closing documents and schedule events from ClosingSite.

"Our title agency settlement and closing professionals have reported as much as a 65% reduction in telephone calls from the many parties involved in transactions," says David Ginger, Alliant National Title Insurance Company President. "Moreover, buyers and sellers in real estate transactions no longer show up for their closing to face previously unviewed legal documents. With ClosingSite, consumer and real estate settlement professionals can review, and if necessary comment, on any changes or concerns, prior to closing—at their convenience—24/7."

"Our clients might not necessarily be able to focus on their real estate transactions until after working hours," says Sheila Giberti, Account Manager at Austin Escrow and Title in Westminster, Colo. "ClosingSite allows buyers and sellers to focus on their transaction after they have their kids in bed, or before and after normal work hours—regardless of the time of day or night—when they can give it the attention these transactions deserve. As Escrow and Closing Officers, our time is spent much more efficiently with ClosingSite. The questions we normally address all day long involving upcoming real estate closings have decreased by more than half because all those involved can answer most of their questions at their convenience by logging on to ClosingSite. ClosingSite is a win-win—the convenience is immeasurable for everyone."

Alliant National Title Insurance Company's mission is to protect property owners' investment by providing secure title insurance delivered by the finest network of independent agents available. Alliant National Title Insurance Company provides a partnership environment with its agents that improves the accuracy, efficiency and timeliness of products and services delivered to property owners and lenders, while improving the knowledge base of its agents, and offering the best title products and services possible.

For further information about Alliant National Exchange Services, L.P., contact Jeffrey A. Rattikin, President, at 817.737.7701 or visit www.alliantnationalexchange.com. For further information regarding Alliant National Title Insurance Company's products, services or Independent Agents, contact David Ginger, Alliant National Title Insurance Company President, at 303.682.9800, ext. 200.