There are a set of stakeholders that either are brokers paying for ancillary products themselves, or are borrowers that, in accordance with a lender’s operational rules – must have application or appraisal fees collected, who require fund collection as opposed to monthly invoicing of a bill-to-party.
KeyStone’s payment solutions allow for both, synchronous and asynchronous approaches – all with full reporting and comprehensive dispute management services.
Title providers frequently pursue lenders to acquire a portion of their lucrative title business, usually without regard to coverage of states, comprehensive services, and metrics on quality and promptness.
When a title provider is approved for integration with KeyStone it is vetted according to the accumulated rules and guidelines of our lenders, and requires a complete line of nationwide Title and Closing services that is customizable and fully transparent, assuring compliance with the most recent industry requirements, including upcoming requirements that will be in effect in the near-term.
As a result, our title vendors guarantee an accelerated contract to close period, reduced costs, sellable loan packages to GSEs and others, and top tier vendor scorecards from providers supporting top ten lenders.
While the lender must have a direct vendor relationship with the title provider, KeyStone facilitates a low cost service to track orders and fulfillments, including provider scorecards, consolidated reporting and invoice reconciliation for the lender.